|
| Home : Brampton Brick Announces New $40 Million Financing |
|
Dec 24
2013 |
Brampton Brick Announces New $40 Million Financing |
|
BRAMPTON, ONTARIO--(Marketwired - Dec. 23, 2013) - Brampton Brick Limited (TSX:BBL.A) announced today that the Company's Board of Directors has approved the issuance of a Demand Revolving Reducing Term Loan ("Loan") in the amount of approximately $40.0 million.
A portion of the proceeds of the new financing will be utilized to repay a $22,500,000 term loan, approximately $3,500,000 in interest payments incurred for settling the term loan early and, as previously reported, $12-$14,000,000 to assist with the purchase of the Atlas Block assets. The balance, if any, will be utilized for general corporate purposes. |
|
|
|
| Source:http://www.marketwired.com/mw/release.do?id=1865141&sourceType=3 |
| |
|
Related News
|
» Versatile Announces Convertible Loan
» Glen Eagle Resources Inc. Closes a Private Placement of $600,000
|
|
|
