|
| Home : easyhome Ltd. Increases Credit Facility to $50 Million, Reduces Cost of Borrowing |
|
Jun 19
2013 |
easyhome Ltd. Increases Credit Facility to $50 Million, Reduces Cost of Borrowing |
|
MISSISSAUGA, ONTARIO--(Marketwired - June 18, 2013) - easyhome Ltd. (TSX:EH) ("easyhome" or the "Company"), Canada's largest merchandise leasing company and the leading provider of consumer loans as an alternative to traditional banks and payday lenders, today announced that its consumer lending subsidiary, easyfinancial Services, has increased its senior credit facility with Crystal Financial LLC to $50 million from $25 million. As well, the Company has reduced its financing costs going forward as the current interest rate on this senior credit facility has been reduced to 9.98% from 11.78%. When combined with the capital available under the bank revolving credit facility that supports the Company's merchandise leasing business, easyhome now has committed external debt financing totaling $85 million with a blended rate of 7.9% in addition to the $107 million book value of its shareholders' equity. |
|
|
|
| Source:http://www.marketwire.com/mw/release.do?id=1803335&sourceType=3 |
| |
|
Related News
|
» Caza Oil & Gas, Inc. Announces GBP 450,000 Advance
» WesternZagros Completes Sale of Cdn$70 Million 4.00% Convertible Senior Unsecured Notes
|
|
|
