Park Lawn Corporation Announces Long Term Debt Refinancing
TORONTO, ONTARIO--(Marketwire - June 18, 2012) - Park Lawn Corporation ("Park Lawn") (TSX VENTURE:PLC) announced today that it has secured refinancing from the Bank of Nova Scotia to meet its corporate purposes. The loan restructures current debt of approximately $4 million with a term loan of $6 million for up to five years. In addition, the arrangement includes a revolving line of credit of $11 million for total lending credit of $17 million.
