Brief: Spectra7 Announces Term Sheet For Asset Based Senior Secured Note Loan Facility
18/06/2019 24:47
June 17 (Reuters) - Spectra7 Microsystems Inc SEV.TO :
* SPECTRA7 ANNOUNCES TERM SHEET FOR ASSET BASED SENIOR
SECURED
NOTE LOAN FACILITY
* HAS ENTERED INTO A NON-BINDING TERM SHEET WITH RESPECT TO
A
US$12.0 MILLION SENIOR SECURED NOTE LOAN FACILITY.
* SPECTRA7 MICROSYSTEMS- FACILITY SHALL BEAR INTEREST AT A
RATE OF
11.25% PLUS AN ANNUAL FEE OF UP TO US$250,000 PER ANNUM BASED ON
COMPANY'S REVENUES
Source text for Eikon: ID:nBw4FlypLa
Further company coverage: SEV.TO
((Reuters.Briefs@thomsonreuters.com;))
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