| Home : Tervita Corporation Announces Commencement of an Offering of Senior Secured Notes by Tervita Escrow Corporation |
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Dec 03
2016 |
Tervita Corporation Announces Commencement of an Offering of Senior Secured Notes by Tervita Escrow Corporation |
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CALGARY, ALBERTA--(Marketwired - Dec. 2, 2016) - Tervita Corporation ("Tervita") announced today that Tervita Escrow Corporation (the "Escrow Issuer") has commenced an offering of US$ senior secured notes due 2021 (the "Notes") in an aggregate principal amount to yield C$ 475 million. The Escrow Issuer is a wholly owned subsidiary of Tervita. Proceeds from the offering of the Notes are expected to be used to finance the previously announced recapitalization transaction (the "Recapitalization Transaction"). The Recapitalization Transaction is expected to close in December 2016. |
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| Source:http://www.marketwired.com/mw/release.do?id=2180312&sourceType=3 |
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