Park Lawn Corporation Announces Long Term Debt Refinancing
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 06/18/12 -- 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.
Park Lawn Corporation indirectly holds six cemeteries in the Greater Toronto Area, Services Memorables Harmonia Inc. based in Quebec City and an interest in Bloorpark Developments Inc. ().
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Park Lawn Corporation
Frank Mills
Chief Executive Officer
416-231-1462
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Datum: 18.06.2012 - 19:37 Uhr
Sprache: Deutsch
News-ID 157498
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Town:
TORONTO, ONTARIO
Kategorie:
Commercial Real Estate
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