On September 27, 2024, an affiliate of Farallon Capital, L.L.C. made a loan available to Canfor Corporation pursuant to a loan and security agreement in the aggregate amount of up to US$315 million. The loan is secured by certain accounts receivable related to countervailing and anti-dumping duties paid to the U.S. government in respect of softwood lumber products imported into the U.S.
Cassels acted for Farallon Capital in Canada.