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BRIEF-Fortress Receives Multi-Year Moratorium On Investissment Québec Loan

Published 2019-06-17, 04:33 p/m
BRIEF-Fortress Receives Multi-Year Moratorium On Investissment Québec Loan
FGE
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June 17 (Reuters) - Fortress Global Enterprises Inc FGE.TO :

* FORTRESS RECEIVES MULTI-YEAR MORATORIUM ON INVESTISSMENT QUÉBEC LOAN

* FORTRESS GLOBAL ENTERPRISES - GRANTED MULTI-YEAR MORATORIUM ON UPCOMING PRINCIPAL & INTEREST PAYMENTS BY INVESTISSEMENT QUÉBEC UNDER IQ'S OUTSTANDING LOAN

* FORTRESS GLOBAL - RECEIVED, WITHOUT PENALTY, POSTPONEMENT OF ABOUT $45 MILLION IN PRINCIPAL & INTEREST PAYMENTS UNDER IQ LOAN FROM JUNE 30, 2019 TO DEC 31, 2021

* FORTRESS GLOBAL ENTERPRISES - PRINCIPAL AMOUNT OF IQ LOAN, INCLUDING CAPITALIZED INTEREST, TO BE REPAID IN QTRLY INSTALMENTS BEGINNING ON MARCH 31, 2022

* FORTRESS GLOBAL ENTERPRISES - IQ ALSO AGREED TO EXTEND MORATORIUM AND TERM FOR ADDITIONAL 24 MONTHS

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