Western Forest Products Enters Into New US$30 Million Bilateral Letter of Credit Facility

VANCOUVER, British Columbia, Sept. 16, 2025 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today an amendment of its $250 million syndicated credit facility to allow for a new US$30 million bilateral letter of credit facility (the “Bilateral Credit Facility”) with Royal Bank of Canada. The Bilateral Credit Facility is guaranteed by Export Development Corporation of Canada under its Account Performance Security Guarantee program and is incremental to the Company’s existing $250 million syndicated credit facility.