Tree Island Steel renews senior banking facility with Wells Fargo, ups borrowing capacity to $40 million

Wells Fargo & Company
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Wells Fargo & Company

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  • Tree Island renewed its senior banking facility with Wells Fargo Capital Finance Corporation Canada.
  • Facility includes a revolving line of up to $30 million, available in Canadian or U.S. dollars, subject to reserves.
  • Also provides up to $10 million of term debt, available in Canadian or U.S. dollars.
  • Borrowings carry variable interest tied to applicable Canadian and U.S. benchmark interbank rates.
  • Facility is secured by a first charge over company assets, backed by guarantees, pledges, and financial covenants.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tree Island Steel Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606261630PRIMZONEFULLFEED9753429) on June 26, 2026, and is solely responsible for the information contained therein.

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