Interfor Enhances Financial Flexibility with Credit Facility Renewal

The latest announcement is out from Interfor ( (TSE:IFP) ).

Interfor Corporation has successfully renewed and extended its revolving credit facility with major Canadian and U.S. banks, maintaining a commitment amount of approximately C$560 million and extending the maturity to July 2029. This renewal, along with enhanced financial flexibility provisions, positions Interfor to pursue its strategic goals and manage potential market volatility. Additionally, the company renewed its private shelf note purchase agreement with PGIM Inc., allowing it to issue up to US$550 million of senior secured notes, further supporting its financial strategy.

The most recent analyst rating on (TSE:IFP) stock is a Hold with a C$19.00 price target. To see the full list of analyst forecasts on Interfor stock, see the TSE:IFP Stock Forecast page.

Spark’s Take on TSE:IFP Stock

According to Spark, TipRanks’ AI Analyst, TSE:IFP is a Neutral.

Interfor’s overall score reflects significant financial challenges and weak valuation metrics. The technical analysis shows neutral signals, while corporate events indicate strategic adjustments. Despite some positives, such as strong liquidity, the stock faces headwinds from market volatility and operational losses.

To see Spark’s full report on TSE:IFP stock, click here.

More about Interfor

Interfor is a growth-oriented forest products company with operations in Canada and the United States. It has an annual lumber production capacity of approximately 4.7 billion board feet and offers a diverse line of lumber products to customers globally.

YTD Price Performance: -24.33%

Average Trading Volume: 175,320

Technical Sentiment Signal: Sell

Current Market Cap: C$672M

See more data about IFP stock on TipRanks’ Stock Analysis page.