Brief: The Second Cup announces $8 mln secured term loan

Aegis Brands

05/12/2016 12:30

Dec 5 (Reuters) - Second Cup Ltd  SCU.TO : 
    * The Second Cup Ltd announces $8 million secured term loan 
with affiliate of Serruya Private Equity 
    * Term loan carries an interest rate of 10% 
    * Proceeds from term loan will be used to repay company's 
existing $6 million credit facility 
    * $8 million secured term loan has tenure of 4 years 
 
Source text for Eikon:  ID:nCNWffmhla  
Further company coverage:  SCU.TO  
 
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