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| Home : GuestLogix Announces Closing of CDN$9 Million Credit Agreement |
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Jun 09
2015 |
GuestLogix Announces Closing of CDN$9 Million Credit Agreement |
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TORONTO, ONTARIO--(Marketwired - June 8, 2015) - GuestLogix Inc. (TSX:GXI) ("GuestLogix" or the "Company"), the leading global provider of ancillary-focused merchandising, payment and business intelligence technology to airlines and the passenger travel industry, today announced the successful closing of a credit agreement (the "Agreement") syndicated between Vistara Capital Partners Fund I Limited Partnership and Beedie Capital Partners Fund I Limited Partnership (collectively, the "Lenders"), whereby the Lenders have agreed to provide GuestLogix with a non-revolving credit facility (the "Credit Facility") of up to a maximum principal amount of CDN$9 million subject to the terms and conditions of the Agreement. Vistara Fund I GP Inc. acted as administrative and collateral agent in respect of the Credit Facility. The Agreement provides that the Credit Facility will bear interest at a rate of 12% per annum calculated and payable monthly in arrears and will mature 27 months from closing. |
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| Source:http://www.marketwired.com/mw/release.do?id=2027214&sourceType=3 |
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