March 9, 2017 / 12:29 AM / 7 months ago

BRIEF-Le Chateau secures financing of $2.5 million

March 9 (Reuters) - Le Chateau Inc

* Le Chateau Inc - has entered into an agreement with a corporation controlled by Herschel Segal, for a financing of $2.5 million

* Le Chateau -loan will be secured by all co’s property and will be subordinated in terms of ranking and repayment to co’s $80.0 million revolving credit facility

* Financing is in form of a secured loan which is repayable at maturity on July 14, 2017 Source text for Eikon: Further company coverage:

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