| Home : August 2011 : August 18, 2011 News : Armtec Infrastructure Inc. Has Access to $125 Million Brookfield Financing |
Armtec Infrastructure Inc. Has Access to $125 Million Brookfield Financing |
August 18, 2011
GUELPH, ONTARIO--(Marketwire - Aug. 17, 2011) - Armtec Infrastructure Inc. ("Armtec" or the "Company") (TSX:ARF)(TSX:ARF.DB) announced today that a Brookfield Asset Management Inc. company has advised Armtec that it has completed certain additional due diligence matters for the loan agreement announced on August 2, 2011 (the "Loan Agreement"). As a result, Brookfield has waived its due diligence condition under the Loan Agreement. The effect of this waiver is the $35 million second tranche under the Loan Agreement is now available to the Company. Thus, the Company now has the ability to draw up to $125 million under the Loan Agreement, subject only to completion of standard closing documentation.
http://www.marketwire.com/mw/release.do?id=1551029&sourceType=3
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