Mr. Leonard Jaroszuk reports
ENTERPRISE GROUP ANNOUNCES NEW $41 MILLION CREDIT FACILITY WITH A CANADIAN SCHEDULE 1 BANK
Enterprise Group Inc. is finalizing a senior secured credit facility with a Canadian Schedule 1 bank.
The new facility is to be used for acquisitions, capital expenditures and working capital. The facility bears interest at a rate of up to prime plus 2 per cent, is secured by a first charge on all company assets and is subject to certain financial covenants.
"This new credit facility gives us the financial flexibility needed to support our growth plans and continue executing on our strategic priorities. It provides us with the resources to navigate the evolving market landscape while maintaining focus on operational efficiency and long-term stability," said Leonard D. Jaroszuk, chief executive officer chairman of Enterprise Group Inc.
About Enterprise Group Inc.
Enterprise Group is a consolidator of services-including specialized equipment rental to the energy/resource sector. The company works with particular emphasis on systems and technologies that mitigate, reduce or eliminate carbon dioxide, greenhouse gas and other harmful emissions for itself and its clients.
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