West Fraser Completes US$1 Billion Amended and Restated Credit Facility

McMillan acted as Canadian counsel for West Fraser Timber Co. Ltd. (“West Fraser”) (TSX and NYSE: WFG) and its subsidiaries, as borrowers, in the amendment and restatement of a US$1 billion credit facility with a syndicate of lenders, led by The Toronto-Dominion Bank (“TD Bank”) as agent.

McMillan was responsible for negotiating all loan documentation, liaising with West Fraser’s US counsel in respect of US matters and providing the supporting opinion.

West Fraser is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom and Europe.  West Fraser’s products are used in home construction, repair and remodeling, industrial applications, papers, tissue, and box materials.

Jill Pereira and Tom Theodorakis led McMillan’s multidisciplinary team, expertly providing financial services and industry expertise, in connection with this complex, cross-border transaction.

McMillan’s Financial Services Group is recognized both nationally and internationally for its depth of expertise and responsiveness, as well as strong cross-border transaction experience. We are on the approved counsel list to Canada’s central bank, Bank of Canada, all G14 banks and all six large Canadian banks. We are unique in that we have a core bank lending practice that is based on lender clients rather than an add-on group relying upon borrower-side work generated from corporate practice. We have successfully structured financing for all shapes and sizes of deals in the debt and equity spaces and have worked and negotiated with all levels of lenders. Our Group works in inter-disciplinary teams with cross-specializations to deliver tailored expertise and provide industry-specific efficient solutions to address our client’s specific needs and help them stay ahead.