BRIEF-Critical Control Energy Services secures banking facilities

Mon May 2, 2016 8:38am EDT
 
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May 2 (Reuters) - Critical Control Energy Services Corp

* Revised agreement extends current term loan ($1.50 million outstanding) scheduled to mature October 2016 to April 2018

* Critical control secures banking facilities

* Revised agreement maintains corporation's current operating line of credit

* Revised agreement replaces current demand loan (of which US$1.67 is outstanding) with new c$3.0 million term loan

* New term loan requires no principal payments for first year, is amortized over a subsequent four year period Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)