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BRIEF-Grande West secures $20 million credit facility

Published 2017-10-26, 07:45 a/m
© Reuters.  BRIEF-Grande West secures $20 million credit facility
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Oct 26 (Reuters) - Grande West Transportation Group Inc BUS.V

* Grande West secures $20 million credit facility

* Grande West - Royal Bank of Canada is providing revolving credit loan for up to C$20 million prime rate loans, US base rate loans, letters of credit, guarantee

* Grande West Transportation Group - credit facility will be used to refinance certain outstanding indebtedness, ongoing working capital requirements

* Grande West Transportation Group Inc - credit facility will also be used to retires company's current $4.3 million USD credit facility

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