27 Jun 2011

Tenon arranges new debt facility

1:26 pm on 27 June 2011

US based wood processor Tenon has arranged a new $US57.5 million debt facility.

Tenon is 58% owned by New Zealand listed forestry investor Rubicon.

The new bank syndicate is led by JPMorgan Chase in the United States and is made up of a group of lenders from Tenon's previous facility.

The new arrangement expires in June 2016.