|
| Home : The North West Company Inc. Announces the Refinancing of its US$70 Million Senior Notes |
|
Jun 06
2014 |
The North West Company Inc. Announces the Refinancing of its US$70 Million Senior Notes |
|
WINNIPEG, MANITOBA--(Marketwired - June 6, 2014) - The North West Company Inc. ("North West") (TSX:NWC) is pleased to announce the terms of the refinancing of its US$70.0 million 6.55% senior notes that mature on June 15, 2014. The refinancing will be completed by the private placement issuance of US$55 million 3.27% senior notes and US$15 million floating rate senior notes at LIBOR plus a spread. These senior notes will mature on June 16, 2021 and will be secured by a floating charge against the assets of the Company and rank pari passu with North West's other senior debt. Closing of the refinancing is subject to the satisfaction of customary conditions and is expected to occur on June 16, 2014 (June 15, 2014 is a non-business day). |
|
|
|
| Source:http://www.marketwired.com/mw/release.do?id=1918192&sourceType=3 |
| |
|
Related News
|
» Enterprises TV to Feature Leaf It
» Baytex Announces Closing of US$800 Million Private Placement Offering of Senior Notes
|
|
|
