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Doman Building Materials Group ( (TSE:DBM) ) has provided an update.
Doman Building Materials Group Ltd. has announced an increase in its senior secured revolving credit facility from $500 million to $580 million, facilitated by Wells Fargo Capital Finance Corporation (Canada) and a group of syndicate lenders. This expansion in financial resources signifies the banking partners’ confidence in Doman’s growth strategies and provides the necessary capital to support its operational expansion plans across North America. The move is expected to strengthen Doman’s market positioning and enhance its capability to serve its stakeholders effectively.
More about Doman Building Materials Group
Doman Building Materials Group Ltd., founded in 1989 and headquartered in Vancouver, British Columbia, is a fully integrated national distributor in the building materials and related products sector. Operating in both Canada and the United States, Doman manages multiple divisions including treating plants, planing and specialty facilities, and distribution centers across major cities. The company’s U.S. operations extend from the central to the west coast, including Hawaii, while also managing private timberlands and forest licenses in Canada.
YTD Price Performance: -5.50%
Average Trading Volume: 178,985
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$704.4M
See more insights into DBM stock on TipRanks’ Stock Analysis page.
