Doman Building Materials Group Renews and Extends Senior Revolving Banking Facility

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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 facilities and distribution centres coast-to-coast in all major cities across Canada and select locations across the United States.

Strategically located across Canada, Doman Building Materials Canada operates distribution centres coast-to-coast, and Doman Treated Wood Canada operates multiple treating plants near major cities; headquartered in Dallas, Texas, Doman Lumber 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 Building Materials USA and Doman Treated Wood USA serve the U.S. west coast with multiple locations in California and Oregon; and in the state of Hawaii the Honsador Building Products Group services 15 locations across all the islands.  The Company’s Canadian operations also include ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through its Doman Timber operations.