This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Imvescor refinances $24.5-million debt into term loan 2009-10-28 11:32 ET - News Release Mr. William Lane reports GE CAPITAL PROVIDES DEBT REFINANCING OF C$24.5 MILLION FOR IMVESCOR RESTAURANT GROUP INC. Imvescor Restaurant Group Inc. (IRG) and GE Capital confirm that GE Capital has refinanced $24.5-million of existing debt into a three-year term loan for IRG. This refinancing will be used by IRG to complete one of the requirements for the conversion of PDM Royalties Income Fund to corporate status, and to facilitate restaurant development and further its expansion into new markets.
"We've received financing from GE Capital over the years. When we were planning for our business restructuring, we knew we could count on them again to offer their industry and structuring expertise while delivering a solution that would fit our needs and our new vision," said William R. Lane, executive vice-president and chief financial officer of IRG. The remainder is available to Stockwatch subscribers.
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