Brief: BRI-CHEM AGREES WITH CIBC TO INCREASE ABL FACILITY TO $35 MILLION

Bri-Chem

07/11/2017 17:08

Nov 7 (Reuters) - Bri-Chem Corp  BRY.TO : 
    * BRI-CHEM CLOSES EXTENSION AND INCREASE OF ITS SENIOR 
BANKING 
FACILITY AND REFINANCING OF ITS SUBORDINATED DEBT 
    * BRI-CHEM - REACHED AGREEMENT WITH CIBC TO INCREASE ABL 
FACILITY 
FROM $25 MILLION TO $35 MILLION, EXTEND TERM OF FACILITY FOR 
PERIOD OF 3 YEARS TO NOV 2020 
    * BRI-CHEM - IN ADDITION, CO HAS ALSO AGREED TO REFINANCE 
ITS 
CURRENT SUBORDINATE DEBT LOAN WITH A NEW FIVE YEAR TERM LOAN 
WITH GREYPOINT CAPITAL INC 
 
Source text for Eikon:  ID:nGNXOGSDNa  
Further company coverage:  BRY.TO  
 
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