Conifex Timber Inc. announced that it has completed its previously announced $130 million secured revolving credit facility with a syndicate of institutional lenders arranged and led by Wells Fargo Capital Finance Corporation Canada. The Facility is available for a term of 5 years and is secured by substantially all of Conifex's assets. The Facility will bear interest at CDOR or LIBOR plus a margin of between 2.5% and 3.0%, depending upon Conifex's leverage ratio. Conifex intends to utilize the Facility to modernize and re-start its currently idled sawmill complex in El Dorado, Arkansas (the "Project"). The Project involves significant capital upgrades, and is designed to maximize both log recovery and lumber grade yield and quality. Upon completion, the El Dorado mill is expected to have approximately 180 million board feet of annual lumber capacity on a two-shift basis. Conifex expects to promptly commence the Project, which it expects to complete by or about the end of the third quarter or early in the fourth quarter of this year.