March 2, 2018 / 2:07 AM / 6 months ago

BRIEF-Acasta Reaches Extension Agreement With Lenders Under Its U.S.$150 Mln Credit Facility

March 1 (Reuters) - Acasta Enterprises Inc:

* ‍ENTERED INTO A NON-BINDING TERM SHEET WITH MARTELLO FINANCE COMPANY LIMITED TO SELL STELLWAGEN GROUP​

* ‍REACHES EXTENSION AGREEMENT WITH LENDERS UNDER ITS U.S.$150 MILLION CREDIT FACILITY​

* ‍AMENDING AGREEMENT REQUIRED THAT ACASTA REPAY U.S.$25 MILLION TO LENDERS UNDER CREDIT FACILITY BY NO LATER THAN MARCH 1, 2018​ Source text for Eikon: Further company coverage:

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