2020-12-01 07:28:23 GDDFF Goodfood Market
12/01/20 12/0107:28 12/01/2007:28 | Goodfood Market announces C$46M syndicated bank financingGoodfood Market announced the closing of new bank financing totalling C$46 million, including a C$27.5 million revolving facility, a C$12.5 million term loan facility, and C$6 million in additional short-term financing. The financing transaction was led by Desjardins Capital Markets with participation from Investissement Quebec. Goodfood will use the funds to support the continued growth of the Company through expansion and automation capital expenditures, refinancing of existing credit facilities and general corporate purposes. The facilities feature flexible and improved financial conditions, including variable interest rates of banker's acceptance rate plus 250 basis points, and come to maturity in November 2023. |
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