BRIEF-Prontoforms agrees to new $4 mln facility with Bdc Capital
Aug 29 (Reuters) - Prontoforms Corp
* Prontoforms corporation agrees to new $4 million facility with bdc capital inc
* Credit facility provides for disbursement of funds in stages subject to company meeting certain conditions
* Financing agreement with bdc capital inc for $4 million five-year secured term credit facility bearing interest at fixed rate of 7% per year
* Net proceeds from credit facility to be used for operations,working capital purposes ,repay existing $1 million bdcc loan amount due december 2017
* First disbursement of $2 million is expected to be received within this fiscal quarter Source text for Eikon: Further company coverage:
© Thomson Reuters 2016 All rights reserved.