Brief: IBC Advanced Alloys Secures Extension Of Line Of Credit & Term Loan Facility With BMO Harris Bank

IBC Advanced Alloys

07/10/2020 22:18

Oct 7 (Reuters) - Ibc Advanced Alloys Corp  IB.V :
    * IBC ADVANCED ALLOYS SECURES EXTENSION OF LINE OF CREDIT
AND TERM
LOAN FACILITY WITH BMO HARRIS BANK
    * IBC ADVANCED ALLOYS CORP - RENEWALS EXTEND LINE OF CREDIT
AND
TERM LOAN FACILITY UNTIL SEPTEMBER 30, 2021
    * IBC ADVANCED ALLOYS CORP - ABOUT $3.5 MILLION IS AVAILABLE
TO
COMPANY UNDER LINE OF CREDIT AT AN INTEREST RATE OF PRIME +
2.25%
    * IBC ADVANCED ALLOYS CORP - TERM LOAN HAS A MAXIMUM OF
ABOUT $1.2
MILLION AT AN INTEREST RATE OF 6.5%

Source text for Eikon:  ID:nGNX7rY8nX 
Further company coverage:  IB.V 

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