Company News

BRIEF-The North West Company says Q2 earnings per share C$0.46

Sept 7 (Reuters) - North West Company Inc

* The North West Company Inc. Announces second quarter earnings, a quarterly dividend and terms of senior notes financing

* Q2 sales c$507.9 million versus i/b/e/s view c$512.5 million

* Q2 earnings per share c$0.46

* Q2 earnings per share view c$0.45 -- Thomson Reuters I/B/E/S

* Says operates 12 stores in islands directly impacted by Hurricane Irma and damage caused by current event is still being assessed

* Says company will be issuing $100.0 million in senior notes

* Says company’s store in st. Croix, USVI is largely undamaged

* Says new senior notes which will mature on september 26, 2029 will be secured by a floating charge on certain assets of company

* Says company also will extend maturity of $300.0 million and US$52.0 million loan facilities to september 26, 2022

* Says aware its cost-u-less store in St. Maarten has been significantly damaged due to hurricane Irma; will not be operational for indeterminate time

* Says company believes that its insurance coverage will be adequate to cover expected costs and losses, including loss of business Source text for Eikon: Further company coverage: