Latest Breaking News On - Stuart boucher - Page 1 : comparemela.com

December 30, 2020 at 8:44 am Published by NCV Newswire Decibel Announces Non-Dilutive $30 Million Debt Financing from Connect First Credit Union CALGARY, AB, Dec. 30, 2020 /PRNewswire/ – Decibel Cannabis Company Inc. (the “Company” or “Decibel”) (TSXV: DB) (OTCQB: DBCCF), is pleased to announce that it has entered into a commitment letter with Connect First Credit Union Ltd. (“First Calgary”) in respect of $30 million of debt capital (the “Committed Amount”). The Committed Amount is comprised of $28.5 million of term debt (the “Term Debt”) and a $1.5 million authorized overdraft against government receivables (the “Authorized Overdraft”) (collectively, the “Credit Facilities”). The funds will be used to repay Decibel’s existing debt ($26.8 million) and provide additional funds for working capital.

British columbiaStuart boucherCompany or decibelFirst credit unionCody churchDecibel cannabis company incDebt service coverage ratioHealth canadaFirst credit union ltdDecibel announces non dilutiveDebt financingConnect first creditDecibel cannabis companyConnect first credit unionCommitted amountExtended maturity