Brief: Founders Advantage Capital Corp announces new $22 mln credit facility

Dominion Lending Centres

19/07/2016 21:51

July 19 (Reuters) - Founders Advantage Capital Corp  FCF.V  
    * Says ATB has agreed to provide corporation a new $22 
million credit facility 
    * Founders advantage capital corp says borrowings from 
facility a and facility b will be used to repay corporation's 
existing $20 million bridge loan 
    * Founders advantage capital corp. Announces new credit 
facility 
    * New $22 million credit facility comprised of a $17 million 
revolving facility and a $5 million non-revolving facility 
    * Atb facilities are secured by a pledge of corp's interest 
in dlc and general security agreement over all of corp's assets 
 
Source text for Eikon:  ID:nMKWJJ9Dra  
Further company coverage:  FCF.V  
 
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