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Doman Building Materials Group Renews and Extends Senior Revolving Banking Facility

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. VANCOUVER, British Columbia, April 30, 2024 (GLOBE NEWSWIRE) -- Doman Building Materials Group Ltd. ("Doman" or "the Company") (TSX:DBM) is pleased to announce the early renewal of its senior revolving credit facility with its lender and agent, Wells Fargo Capital Finance Corporation (Canada) and CIBC, RBC and TD as syndicate lenders. Doman has renewed its senior revolving banking facility of $500 million, for an additional four year term to April 30, 2028. The facility was renewed on terms and conditions generally consistent with the current facility. "I would like to thank Wells Fargo Capital Finance Canada and the revolver syndicate members for their in-depth understanding of our business and operations, and our lending requirements for our continued growth and evolution in North America," noted Amar Doman, Chairman and CEO of Doman. "Wells Fargo Capital Finance Canada has been our principal banking partner for 25 years and we thank them for their continued support." About Doman Building Materials Group Ltd. Founded in 1989, Doman is headquartered in Vancouver, British Columbia, and trades on the Toronto Stock Exchange under the symbol DBM. As Canada's only fully integrated national distributor in the building materials and related products sector, Doman operates several distinct divisions with multiple treating plants, planing and specialty ...