|
| Home : International Datacasting Secures Vendor Financing and New Orders for Expansion of DTH Broadcast Service Valued at US$5 Million |
|
Feb 22
2012 |
International Datacasting Secures Vendor Financing and New Orders for Expansion of DTH Broadcast Service Valued at US$5 Million |
|
OTTAWA, ONTARIO--(Marketwire - Feb. 21, 2012) - International Datacasting Corporation (TSX:IDC), a leader in digital content distribution solutions for the world's premiere broadcasters, announces a second round of vendor financing and follow on new orders worth nearly US$5 million (gross revenue basis) with the Wananchi Group Ltd. for the expansion of its Direct-to-Home (DTH) broadcast service in East Africa.
International Datacasting further announces that it has successfully secured a second vendor financing package totaling US$5 million, which builds on its previously announced revolving credit facility for the transaction with Wananchi. This credit facility had been developed in co-operation with Export Development Canada (EDC) and a Canadian financial institution. The first round of financing was announced in July, 2011. |
|
|
|
| Source:http://www.marketwire.com/mw/release.do?id=1622473&sourceType=3 |
| |
|
Related News
|
» Spartan Oil Corp. Announces $50 Million Bought Deal Financing
» Keyera Corp. Announces $176.3 million Public Offering of Common Shares
|
|
|
