Brief: Converge Technology Solutions - Has Refinanced Existing $300 Million Abl Credit Facility With A New Five-Year $500 Million Global Revolving Credit Facility

Converge Technology Solutions

28/07/2022 22:51

July 28 (Reuters) - Converge Technology Solutions Corp
 CTS.TO :
    * CONVERGE ANNOUNCES $500 MILLION GLOBAL REVOLVING CREDIT
FACILITY
AND TSX NORMAL COURSE ISSUER BID
    * CONVERGE TECHNOLOGY SOLUTIONS - HAS REFINANCED EXISTING
$300
MILLION ABL CREDIT FACILITY WITH A NEW FIVE-YEAR $500 MILLION
GLOBAL REVOLVING CREDIT FACILITY
    * CONVERGE TECHNOLOGY - GLOBAL CREDIT FACILITY ALSO INCLUDES
UNCOMMITTED ACCORDION FEATURE OF $100 MILLION, FOR A TOTAL
BORROWING CAPACITY OF UP TO $600 MILLION
    * CONVERGE TECHNOLOGY- PROPOSES TO PURCHASE FOR CANCELLATION
UP TO
AGGREGATE NUMBER OF  COMMON SHARES EQUAL TO 5% OF ISSUED,
OUTSTANDING COMMON SHARES

Source text for Eikon:  ID:nGNX2FJqpl 
Further company coverage:  CTS.TO 

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