DBRS Assigns Rating of BBB (low) with a Stable Trend to West Fraser Timber Co. Ltd.’s USD 300 Million Debt Offering

DBRS has today assigned a rating of BBB (low) with a Stable trend to West Fraser Timber Co. Ltd.’s (West Fraser or the Company) offering of USD 300 million senior unsecured notes with a coupon rate of 4.35% due October 15, 2024 (the Notes).

The Notes are senior unsecured obligations of the Company and rank equally with all of the Company’s other senior unsecured indebtedness, and rank senior to the Company’s subordinated indebtedness.

West Fraser used the net proceeds from the offering to repay its outstanding 5.2% senior unsecured notes that matured today.

Notes:
The applicable methodology is Rating Companies in the Forest Products Industry (October 2014), which can be found on our website under Methodologies.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.