Taiga expands its senior credit facility to $225 million

CNW Group

BURNABY, BC , Nov. 25, 2013 /CNW/ - Taiga Building Products Ltd. (TBL.TO) (TBL-NT.TO), ("Taiga" or the "Company") announces that it has renewed its senior secured revolving credit facility (the "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 Facility has been increased from $200 million to $225 million , with an option to increase the limit by up to $50 million , and features reduced borrowing costs compared to the prior facility.

The Facility will mature on November 25, 2018 and continues to be secured by a first perfected security interest in all personal property of the Company and certain of its subsidiaries.

Cam White , President and Chief Executive Officer of Taiga commented: "We are pleased that our senior lender has expanded and renewed our lending facility and reduced our borrowing costs. This is a strong indicator of their support for the strength of our business and our achievements over the last three years."

SOURCE Taiga Building Products Ltd.

Contact:

For further information regarding Taiga please contact:

Mark Schneidereit-Hsu
CFO and VP, Finance and Administration
Phone: 604-438-1471
Fax: 604-439-4242

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