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BRIEF-Mdf Commerce Enters Monthly Recurring Revenue-Based CAD$50 Mln Senior Secured Credit Agreement

Published 2020-10-14, 10:50 a/m
© Reuters.
MDF
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Oct 14 (Reuters) - mdf Commerce Inc MDF.TO :

* MDF COMMERCE ENTERS INTO A MONTHLY RECURRING REVENUE (MRR)-BASED CAD$50 MILLION SENIOR SECURED CREDIT AGREEMENT

* MDF COMMERCE INC - CREDIT AGREEMENT PROVIDES FLEXIBILITY TO SUPPORT CORPORATION'S 5YEAR STRATEGIC PLAN &REPAY IN FULL CURRENT DEBT MATURING ON DEC 18

* MDF COMMERCE INC - CLOSING OF NEW SENIOR SECURED CREDIT AGREEMENT IS CONTEMPLATED TO OCCUR ON OR ABOUT OCTOBER 15

* MDF COMMERCE INC - SECURED CREDIT FACILITIES OF UP TO CAD$50 MILLION BY ENTERING INTO SENIOR CREDIT AGREEMENT WITH BANK OF NOVA SCOTIA& ROYNAT CAPITAL INC

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