Mr. Tor Wilson reports
BADGER DAYLIGHTING LTD. AMENDS THE TERMS OF ITS REVOLVING CREDIT FACILITY
Badger Daylighting Ltd. has amended the terms of its revolving credit facility with Toronto-Dominion Bank. Canadian Western Bank and Bank of Nova Scotia have joined the lending syndicate. The principal amount has been increased from $75-million to $125-million effective Jan. 22, 2014. The maturity date has been extended to July 22, 2018, after which the entire amount must be repaid. The interest rate remained unchanged. In addition, as part of the extension, the credit facility contains a $50-million accordion that Badger may request as an increase to the total available facility. The purpose of the facility is to finance the company's growth capital expenditure program and for general corporate purposes.
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