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MONTRÉAL, QUÉBEC--(Marketwired - June 5, 2017) - Le Château Inc. (TSX:CTU), announced it has received a term sheet from its current lender for the renewal of its asset based credit facility for a three-year term with a limit of $70.0 million. In addition, the Company received a term sheet from a subordinate lender for a three-year $15.0 million term loan. In conjunction with this, the Company's current lender extended the maturity date of the existing credit facility from June 5, 2017 to June 12, 2017, as the Company is currently negotiating the terms of the definitive agreements. |
