BRIEF-Founders Advantage Capital Corp announces new $22 mln credit facility

Tue Jul 19, 2016 5:22pm EDT
 
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July 19 (Reuters) - Founders Advantage Capital Corp

* Says ATB has agreed to provide corporation a new $22 million credit facility

* Founders advantage capital corp says borrowings from facility a and facility b will be used to repay corporation's existing $20 million bridge loan

* Founders advantage capital corp. Announces new credit facility

* New $22 million credit facility comprised of a $17 million revolving facility and a $5 million non-revolving facility

* Atb facilities are secured by a pledge of corp's interest in dlc and general security agreement over all of corp's assets Source text for Eikon: Further company coverage: )