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Home : Critical Control Secures US$2.0 Million Bank Loan
Oct 02
2015

Critical Control Secures US$2.0 Million Bank Loan

CALGARY, ALBERTA--(Marketwired - Oct. 1, 2015) - Critical Control Energy Services Corp. ("Critical Control" or the "Corporation") (TSX:CCZ) is pleased to announce that it has executed a revised lending agreement with its bank. The revised agreement provides Critical Control with a new US$2.0 million term loan repayable over three years, and provides the Corporation additional flexibility with respect to its covenants as the Corporation completes its transition to a focused oil and gas measurement services company. The denomination of the loan in US dollars provides the Corporation with a natural partial hedge to offset further changes in the exchange rate.
Source:http://www.marketwired.com/mw/release.do?id=2060575&sourceType=3
 
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