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Article: Canada: Algoma Central Corporation - Closes $260 Million Credit Facility.
- Article from:
- TendersInfo
- Article date:
- November 11, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: sanjayV03
Algoma Central Corporation announces that it completed on November 9, 2009 a two-year $260 million credit facility with a syndicate of six financial institutions. The financial institutions include The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Bank of America, N.A., JP Morgan Chase, N.A., HSBC Bank Canada and Laurentian Bank of Canada.
This credit facility replaces the current $110 million revolving facility previously held by the Corporation. The new facility consists of a $200 million non-revolving term loan facility and a $60 million revolving loan facility. There are no required repayments during the term of the ...
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Article: Canada approves Algoma Central sale. (National ...
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February 1, 1995 ;
582 words
... ... expected to complete acquisition of the 321-mile Algoma Central late last month, following approval of the transaction by the National Transportation Agency of Canada. Algoma Central's lines, which run between Sault Ste. Marie and Hearst ...
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