Bank Revolver News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Bank revolver. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Bank Revolver Today - Breaking & Trending Today
Forward-looking Statements
This Annual Report on Form 10-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and. | April 17, 2023 ....
Algoma Central Corporation Announces Refinancing of Long-Term Debt Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC), a leading provider of marine transportation services, today announced that it has completed a refinancing of its senior secured credit facilities that were due to mature during 2021, securing highly favourable terms. Proceeds of the new issue will be used to repay the maturing senior secured notes and revolving bank credit agreement, to finance the Company’s capital expenditure plans, and for general corporate purposes. The new credit facilities include $316 million (all amounts in Canadian dollar equivalent) raised in a private placement of senior secured notes payable (the “New Notes”). The New Notes, which have been issued in both US dollar and Canadian dollar tranches, have terms between seven and 15 years and bear interest rates ranging from 3.37% to 4.01% per annum. With an overall effective rate at closing of 3.80%, the N ....