| Home : August 2011 : August 16, 2011 News : Bri-Chem Corp. Announces $80 Million Asset Based Lending Credit Facility |
Bri-Chem Corp. Announces $80 Million Asset Based Lending Credit Facility |
August 16, 2011
EDMONTON, ALBERTA--(Marketwire - Aug. 15, 2011) - Bri-Chem Corp. ("Bri-Chem") (TSX:BRY), a leading North American wholesale distributor of oil and gas drilling fluids, steel pipe and piping products announces today that is has closed a new $80 million Asset Based Lending credit facility ("ABL") with CIBC Asset-Based Lending Inc. and HSBC Bank Canada. The initial term of the ABL is for three years and it replaces the existing $50 million revolving line of credit previously in place.
http://www.marketwire.com/mw/release.do?id=1549890&sourceType=3
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