{"id":26578,"date":"2025-01-31T13:01:45","date_gmt":"2025-01-31T13:01:45","guid":{"rendered":"https:\/\/allonlinebanglanewspapers.com\/news\/doman-building-materials-group-ltd-increases-senior-revolving-banking-facility\/"},"modified":"2025-01-31T13:01:45","modified_gmt":"2025-01-31T13:01:45","slug":"doman-building-materials-group-ltd-increases-senior-revolving-banking-facility","status":"publish","type":"post","link":"https:\/\/allonlinebanglanewspapers.com\/news\/doman-building-materials-group-ltd-increases-senior-revolving-banking-facility\/","title":{"rendered":"Doman Building Materials Group Ltd. Increases Senior Revolving Banking Facility"},"content":{"rendered":"
\n

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.<\/strong><\/p>\n

VANCOUVER, British Columbia, Jan. 31, 2025 (GLOBE NEWSWIRE) — \u00a0Doman Building Materials Group Ltd. (\u201cDoman\u201d or \u201cthe Company\u201d) (TSX:DBM) is pleased to announce that it has completed an amendment to increase its existing senior secured revolving credit facility, with its lender and agent, Wells Fargo Capital Finance Corporation (Canada) and a group of syndicate lenders, from $500 million to $580 million.<\/p>\n

“The increase to our revolving credit facility and the continued support and leadership of Wells Fargo Captal Finance Canada, along with participating syndicate members CIBC and TD Bank, demonstrates the continued confidence of our banking partners, while providing additional capital to support our growth plans,\u201d noted Amar Doman, Chairman and CEO of Doman. \u201cWells Fargo Capital Finance Canada has been our principal banking partner for more than 25 years, which we value and appreciate.\u201d<\/p>\n

About Doman Building Materials Group Ltd. <\/strong><\/p>\n

Founded in 1989, Doman is headquartered in Vancouver, British\u00a0Columbia,\u00a0and trades on the Toronto Stock Exchange under the symbol DBM.<\/p>\n

As Canada\u2019s only fully integrated national distributor in the building materials and related products sector, Doman operates several distinct divisions\u00a0with multiple treating plants, planing and specialty facilities and distribution centres coast-to-coast in all major cities across Canada and coast-to-coast across the United States.<\/p>\n

Strategically located across Canada, Doman Building Materials Canada <\/strong>operates distribution centres coast-to-coast, and Doman Treated Wood Canada <\/strong>operates multiple treating plants near major cities. In the United States:\u00a0headquartered in Dallas, Texas, Doman\u00a0Lumber <\/strong>operates 21 treating plants, two specialty planing mills and five specialty sawmills located in nine states, distributing, producing and treating lumber, fencing and building material servicing the central U.S.; Doman Tucker Lumber <\/strong>operates three treating plants, specialty sawmilling operations and a captive trucking fleet serving the U.S. east coast; Doman Building Materials USA<\/strong>\u00a0and Doman Treated Wood USA<\/strong> serve the U.S. west coast with multiple locations in California\u00a0and Oregon; and in the state of Hawaii the Honsador Building Products Group <\/strong>services 15 locations across all the islands.\u00a0 The Company\u2019s Canadian operations also include ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through its\u00a0Doman Timber<\/strong> operations. \u00a0<\/p>\n

For additional information on Doman Building Materials Group Ltd., please refer to the Company\u2019s filings on SEDAR+<\/a> and the Company\u2019s website www.domanbm.com<\/a><\/p>\n

For further information regarding Doman please contact: <\/strong><\/p>\n

Ali Mahdavi
Investor Relations
416-962-3300
ali.mahdavi@domanbm.com<\/p>\n

\n <\/div>\n","protected":false},"excerpt":{"rendered":"

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, Jan. 31, 2025 (GLOBE NEWSWIRE) — \u00a0Doman Building Materials Group Ltd. (\u201cDoman\u201d or \u201cthe Company\u201d) (TSX:DBM) is pleased to announce that it has completed an […]<\/p>\n","protected":false},"author":2,"featured_media":26579,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/Resource\/Download\/047de253-5349-4ca8-baa5-5f5f1d3d9700","fifu_image_alt":"","footnotes":""},"categories":[11],"tags":[],"class_list":["post-26578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts\/26578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/comments?post=26578"}],"version-history":[{"count":0,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts\/26578\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/media\/26579"}],"wp:attachment":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/media?parent=26578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/categories?post=26578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/tags?post=26578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}