Canfor Corporation has secured a loan agreement worth approximately $315 million with an affiliate of Farallon Capital Management, L.L.C. The company and its subsidiaries have received advances totaling $232 million under the terms of the agreement. The loan is secured by accounts receivable related to countervailing and anti-dumping duties paid to the U.S. government.

The loan agreement includes terms of four and eight years, with Canfor retaining the option to extend each for an additional two ten-year periods. Canfor plans to repay the loan, along with all interest and principal payments, using refunds and interest receivables from U.S. government duty refunds.

As of August 2024, Canfor has deposited $726 million related to countervailing and anti-dumping duties and will retain any refund distributions that exceed its loan obligations.