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VANCOUVER, British Columbia, May 10, 2021 (GLOBE NEWSWIRE) CanWel Building Materials Group Ltd. ( CanWel or the Company ) (TSX:CWX) (TSX:CWX) announced today that it has closed its previously announced private placement offering of $325 million aggregate principal amount of 5.25% senior unsecured notes (the Notes ) due May 15, 2026 (the Note Offering ). The Note Offering was underwritten by Stifel GMP, as sole lead underwriter and bookrunner, and National Bank Financial Inc. and RBC Dominion Securities Inc., as joint book-running managers and joint lead managers.
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Canwel Building Materials(TSX:CWX) is a leading wholesale distributor of building materials and home renovation products and producer of pressure treated wood products in Canada, and regionally in the United States (U.S.) mainland and Hawaii. The company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers.
The company’s operations also include timber ownership and management of private timberlands and forest licenses, full service harvesting and trucking operations, and agricultural post-peeling and pressure treating through Canwel Fibre. In 2017, the company acquired Honsador Building Products, further expanding the company’s presence in the U.S. building distribution and treating markets.