|
| Home : Aveda Transportation and Energy Services Inc. Announces Increase to Senior Lending Facility |
|
Jun 12
2014 |
Aveda Transportation and Energy Services Inc. Announces Increase to Senior Lending Facility |
|
CALGARY, ALBERTA--(Marketwired - June 12, 2014) - Aveda Transportation and Energy Services Inc. ("Aveda" or the "Company") (TSX VENTURE:AVE), a leading provider of oilfield hauling services and equipment rentals to the energy industry, today announced that it has received commitment letters (the "Commitments") from a syndicate of lenders led by PNC Bank Canada Branch, and including Royal Bank of Canada, and another large institutional lender, pursuant to which the availability under its current asset based lending facility (the "Facility") will be increased from $75.0 million to between $115.0 to $125.0 million effective June 30, 2014. The Commitments are subject to customary conditions related to completion of appropriate legal documentation and due diligence. The Company will pay customary fees on closing. |
|
|
|
| Source:http://www.marketwired.com/mw/release.do?id=1919943&sourceType=3 |
| |
|
Related News
|
» Canexus Corporation Announces Closing of $10,550,000 of Over-Allotment Option on $75,000,000 Convertible Unsecured Subordinated Debentures
» Panterra Enters Into Agreement to Acquire Strategic Oil & Gas Assets and Announces $100 Million Bought Deal Financing
|
|
|
