Brief: Prontoforms agrees to new $4 mln facility with Bdc Capital

Truecontext

29/08/2016 22:31

Aug 29 (Reuters) - Prontoforms Corp  PFM.V  
    * Prontoforms corporation agrees to new $4 million facility 
with bdc capital inc 
    * Credit facility provides for disbursement of funds in 
stages subject to company meeting certain conditions 
    * Financing agreement with bdc capital inc for $4 million 
five-year secured term credit facility bearing interest at fixed 
rate of 7% per year 
    * Net proceeds from credit facility to be used for 
operations,working capital purposes ,repay existing $1 million 
bdcc loan amount due december 2017 
    * First disbursement of $2 million is expected to be 
received within this fiscal quarter 
 
Source text for Eikon:  ID:nCCN114RN4  
Further company coverage:  PFM.V  
 
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