Printing Industry News for Canada | RSS |
14 April 2020
Data Group Takes On More Debt and Defers Payments
BRAMPTON—
Data Communication Management Corp (DMC) recently negotiated amendments to the terms of its credit agreements from its senior lenders . DCM has arranged up to an additional $8.8 million of borrowing base capacity, continue to make progress in resolving the financial liquidity issues encountered in connection with the implementation of their ERP system, reserves for past due customer receivables in particular have reduced their eligible borrowing base.DMC has three lenders:
$50 million a revolving credit facility with a Canadian chartered bank, an amortizing term loan facilities with Fiera Private Debt Fund III and maintains a non-revolving term loan facility with Crown Capital Partner Funding. The interest rate on the Bank Credit has increased by 0.50% for the period from January 1, 2020 to September 30, 2020. Fiera Private Debt Fund III has defer the principal payments and all interest on outstanding borrowings under the Crown Credit Agreement will be deferred and will be capitalized.
Post a Comment
Comments:
NEW ON THE JOB BOARD | RSS
CLICK HERE to post your job opening
LATEST USED EQUIPMENT | RSS
CLICK HERE to list your equipment
Total Used Equipment Listings: 18
CLASSIFIED | RSS
CLICK HERE to list your business opportunity in the printing industry
Company wanted |
Most Recent News Comment
Harold says: | |
Most Read Stories