Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

BRIEF-CRH increases credit facility to $100 million

Published 2017-06-26, 08:47 a/m
© Reuters.  BRIEF-CRH increases credit facility to $100 million
CRH
-
CRH
-

June 26 (Reuters) - CRH (LON:CRH) Medical Corp CRH.TO

* CRH increases credit facility to US$100 million to fund additional growth and retire crown debt

* CRH Medical Corp - announces that it has increased its credit facility with syndicate of lenders led by bank of nova scotia

* CRH Medical Corp - new credit facilities increase amount of available credit from us$55 million to us$100 million

* CRH Medical Corp - new credit facilities now consist of a us$75 million revolving credit facility and a us$25 million term facility

* CRH Medical Corp - new credit facilities also reduce interest rate and standby fees payable by CRH

* CRH Medical Corp - new credit facilities mature on June 26, 2020

* CRH Medical Corp - new term facility will be repaid in quarterly installments of 2.5% of initial principal amount, with a balloon payment due upon maturity

* CRH Medical Corp - new credit facilities will provide funds required to finance acquisitions expected to close the year

* CRH Medical - new credit facilities provide access to uncommitted accordion facility that would increase amount of revolving credit facilities available to co by $25 million Source text for Eikon: ID:nCNWVFM8ya Further company coverage: CRH.TO

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.