Brief: Boston Pizza International to internally reorganize

Boston Pizza Royalties Income Fund

20/09/2017 02:46

Sept 19 (Reuters) - Boston Pizza Royalties Income Fund 
 BPF_u.TO  
    * Boston Pizza International Inc. announces plans for 
internal reorganization 
    * Co and Boston Pizza International Inc announced plans for 
orderly succession of ownership at BPI 
    * Reorganization will involve BPI obtaining new senior 
credit facilities in amount of $50 million from Bank of Montreal 
    * Boston Pizza franchisees will be unaffected by 
reorganization 
    * Economic terms of relationship between fund and BPI will 
not change 
 
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