August 29, 2016 / 9:52 PM / in a year

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:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below