In a preliminary statement, the Arkansas Development Finance Authority has approved a bond sale that will provide $102 million to help Weyerhaeuser finance the construction of solid waste disposal facilities at its TimberStrand production facility under construction near the city of Monticello in Drew County, Arkansas. 

The Resource Recovery Revenue Bonds Series 2025 will mature in October 2067, according the statement posted on MuniOS. The bonds are special and limited revenue obligations of the issuer.

According to the Arkansas Development Finance Authority:

"The proceeds of the Bonds will be loaned to the Company and used to (a) finance or refinance, in whole or in part, the costs of acquisition, construction, installation and equipping of solid waste disposal facilities, within the meaning of Section 142(a)(6) of the Code, comprising all or portions of a TimberStrand facility that includes buildings, infrastructure, improvements, and equipment for the manufacture, refinement and/or processing of wood, lumber, and engineered wood products and related facilities located on approximately 435 acres of property ..."

Weyerhaeuser plans to invest approximately $500 million to build a state-of-the-art TimberStrand facility near Monticello and Warren, Arkansas, expanding the company's engineered wood products (EWP) capacity in the U.S. The facility will have an annual production capacity of approximately ten million cubic feet, which is comparable to the company's existing TimberStrand facility in Kenora, Ontario. Construction began in 2025, with the goal of starting operations in 2027.