Interfor Corporation has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets and Scotiabank for a $125 million bought deal public offering of common shares.
The underwriters will purchase 12,437,800 common shares at $10.05 per share. Interfor has also granted them an over-allotment option of up to 15%, which, if exercised in full, would raise total proceeds to approximately $143.75 million.
Net proceeds will be used to reduce debt and for general corporate purposes. The financing comes as Interfor faces weaker lumber markets and higher U.S. softwood lumber duties, which recently increased to 35.16%, leading to a US$125 million non-cash duty expense in the current quarter.
The company stated the offering will improve flexibility in navigating market volatility, noting a pro forma net debt to invested capital ratio of 35–36% and available liquidity of around $375 million. The offering is expected to close on or about October 1, 2025, subject to customary approvals.
Interfor is a growth-oriented forest products company with operations in Canada and the United States. With annual lumber production capacity of 4.7 billion board feet, the company supplies a diverse range of lumber products to customers worldwide.
