|
| Home : Conifex Announces Term Conversion of Project Financing |
|
Jul 31
2015 |
Conifex Announces Term Conversion of Project Financing |
|
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 30, 2015) - Conifex Timber Inc. ("Conifex") (TSX:CFF) announced today the term conversion of the secured project financing facility (the "Project Financing") used to develop Conifex Power Limited Partnership's ("CP Partnership") recently completed 36 MW biomass power plant in Mackenzie, British Columbia (the "Power Generation Project"). CP Partnership is a wholly-owned subsidiary of Conifex. As a result of the term conversion, the construction loan portion of the Project Financing has matured and been converted into a term loan that matures on December 1, 2019 (the "Term Loan") and has an 18 year amortization schedule. The Project Financing continues to include a letter of credit facility and a $1.75 million revolving operating facility until the maturity date of the Term Loan. |
|
|
|
| Source:http://www.marketwired.com/mw/release.do?id=2043833&sourceType=3 |
| |
|
Related News
|
» Supreme Completes Private Placement for $684,449 Aggregate Subscription Proceeds
» Braveheart Resources Inc. Closes Financing
|
|
|
