BRIEF-Clearford enters into $5.25 mln new long-term loan agreement

Tue May 31, 2016 8:25am EDT
 
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May 31 (Reuters) - Clearford Water Systems Inc :

* Clearford announces results for the first quarter of fiscal 2016

* Entered option with lender to acquire, renegotiate existing long-term debt into a new us dollar denominated long-term debt

* Entered into a us$5.25 million new long-term loan agreement and closed $0.5 million of that loan

* Option to acquire and restructure current long-term debt expires on september 19, 2016 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)