The Wall Street Journal reported that Taiga Building Products announced it renewed its senior secured revolving credit facility with a syndicate of lenders led by JPMorgan Chase Bank and including the Bank of Montreal, HSBC Bank, PNC Bank, Bank of Nova Scotia and TD Bank.
The Journal said further the facility was increased from $200 million to $225 million, with an option to increase the limit by up to $50 million, and features reduced borrowing costs.
To read the entire Journal article, click here.