Taiga Building enters new C$250 million five-year credit facility

By Wendy Van Sickle

Columbus, Ohio, Dec. 21 – Taiga Building Products Ltd. said it entered into a new C$250 million senior secured revolving credit facility with a syndicate of lenders led by the Bank of Montreal, according to a news release.

Other lenders include Scotiabank, Bank of America, TD Bank and CIBC.

The facility will mature on Dec. 20, 2027 and is secured by a first perfected security interest in all real and personal property of the company and certain of its subsidiaries.

Taiga is a wholesale distributor of building materials. The company is based in Burnaby, B.C.

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