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BRIEF-Alcanna Announces New Revolving Credit Facility

Published 2019-05-01, 09:40 p/m
© Reuters.  BRIEF-Alcanna Announces New Revolving Credit Facility
CLIQ
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May 1 (Reuters) - Alcanna Inc CLIQ.TO :

* ALCANNA ANNOUNCES NEW REVOLVING CREDIT FACILITY

* ALCANNA INC - IT HAS ENTERED INTO A NEW SENIOR SECURED $70 MILLION ASSET-BASED REVOLVING CREDIT FACILITY

* ALCANNA INC - CREDIT FACILITY ALSO INCLUDES AN UNCOMMITTED $15 MILLION BORROWING AVAILABILITY EXPANSION FEATURE

* ALCANNA INC - NEW CREDIT FACILITY REPLACES COMPANY'S PRIOR CREDIT AGREEMENT, WHICH WAS SCHEDULED TO EXPIRE IN SEPTEMBER

* ALCANNA - PLANS TO USE CREDIT FACILITY TO FINANCE INVESTMENTS IN NEW WINE, BEYOND STORES IN ALBERTA, BC AND ONTARIO IF ONTARIO GOVERNMENT'S REFORM OF LIQUOR RETAIL SO PERMITS

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