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Homeland Energy Group Announces Second Advance on Credit Facility with ICICI Bank |
January 07, 2012
TORONTO, CANADA--(Marketwire - Jan. 6, 2012) - Homeland Energy Group Ltd. (TSX:HEG) ("Homeland" or the "Company") wishes to announce that further to its press release dated July 4, 2011, the Company has received a second draw down of US$10 million under its US$30 million credit facility with ICICI Bank. The Company had initially drawn down US$10 million on June 30, 2011. Under the amended terms, the facility will bear interest at the rate of the 3 month US$ LIBOR + 4.5%. All other terms of the facility remain the same. The funds from this second draw will be used for working capital purposes.
http://www.marketwire.com/mw/release.do?id=1604110&sourceType=3
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