CanWel Building Materials Group announced the renewal of its credit facility with its lender, Wells Fargo Capital Finance Corporation (Canada). CanWel has renewed its $275 million senior revolving facility, along with its additional $50 million accordion, for an additional five year term to January 31, 2018.
"We are very pleased to have renewed our credit facilities to 2018," noted Amar S. Doman, chairman and CEO of CanWel. "Wells Fargo Capital Finance Canada has been a superb partner in extending CanWel's credit facility requirements."
CanWel Building Materials is one of Canada's largest national distributors in the building materials and related products sector.