- Flow Capital (TSXV:FW:CA) entered into a loan agreement with TBK Bank, SSB, for a revolving committed credit facility in the principal amount of up to $15M.
- The company intends to use the credit facility to finance additional investments and for general operating and corporate purposes.
- The Triumph credit facility has a term of 36 months, with monthly interest payments to be made on the outstanding balance of the loan.
- “As we consider our long-term optimal capital structure, this credit line will be a small but important component of our capital stack. This warehouse-type credit facility will help us maintain our steady pace of deployment, while our priority remains raising funds through our redeemable floating rate debentures, which will continue to be our primary funding source,” said Alex Baluta, CEO.
