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| Home : Pulse Seismic Inc. Announces Renewal of Revolving Credit Facility |
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Dec 14
2016 |
Pulse Seismic Inc. Announces Renewal of Revolving Credit Facility |
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CALGARY, ALBERTA--(Marketwired - Dec. 13, 2016) - Pulse Seismic Inc. ("Pulse" or "the Company") (TSX:PSD)(OTCQX:PLSDF) is pleased to announce that it has extended its revolving credit facility for an additional year. The new maturity date of the facility is February 13, 2020. The facility's available borrowing amount remains at $30.0 million. Up to $5.0 million of the revolving facility continues to be available as an operating line of credit. The credit facility is with a syndicate led by TD Bank and includes ATB Financial and continues to include an accordion feature which allows Pulse to increase the facility's size up to $70.0 million, subject to the consent of the lenders. The accordion incurs no renewal or standby fees. |
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| Source:http://www.marketwired.com/mw/release.do?id=2182992&sourceType=3 |
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