Doman Building Materials Group Renews and Extends Senior Revolving Banking Facility
Summary
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.VANCOUVER, British Columbia, April 30, 2024 (GLOBE NEWSWIRE) -- Doman Building Materials Group Ltd. (Doman or the Company) (TSX:DBM) is pleased to announce the early renewal of its senior revolving credit facility with its lender and agent, Wells Fargo Capital Finance Corporation (Canada) and CIBC, RBC and TD as syndicate lenders. Doman has renewed its senior revolving banking facility of $500 million, for an additional four year term to April 30, 2028. Wells Fargo Capital Finance Canada has been our principal banking partner for 25 years and we thank them for their continued support.Founded in 1989, Doman is headquartered in Vancouver, British Columbia, and trades on the Toronto Stock Exchange under the symbol DBM.As Canadas only fully integrated national distributor in the building materials and related products sector, Doman operates several distinct divisions with multiple treating plants, planing and specialty facilities and distribution centres coast-to-coast in all major cities across Canada and select locations across the United States.Strategically located across Canada, Doman Building Materials Canada operates distribution centres coast-to-coast, and Doman Treated Wood Canada operates multiple treating plants near major cities; headquartered in Dallas, Texas, Doman Lumber operates 21 treating plants, two specialty planing mills and five specialty sawmills located in nine states, distributing, producing and treating lumber, fencing and building material servicing the central U.S.; Doman Building Materials USA and Doman Treated Wood USA serve the U.S. west coast with multiple locations in California and Oregon; and in the state of Hawaii the Honsador Building Products Group services 15 locations across all the islands. When used in this press release, such forward-looking statements often but not always, can be identified by the use of forward-looking words such as, including but not limited to, may, will, would, should, expect, believe, plan, intend, anticipate, predict, remain, estimate, potential, continue, could, might, project, targeting, "future" and other similar terminology or the negative or inverse of such words or terminology. When relying on our forward-looking statements to make decisions with respect to Doman, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.Neither Doman nor any of its associates or directors, officers, partners, affiliates, or advisers, provides any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in these communications will actually occur.