Maxim Power Corp. Announces Expanded Credit Facility With the Bank of Montreal
18 Maggio 2012 - 11:30PM
Marketwired
Maxim Power Corp. ("MAXIM") (TSX:MXG) announced today that it has
entered into a new credit agreement with the Bank of Montreal
("BMO"). This agreement provides for a new, $40 million, three-year
committed revolving credit facility and a $3.5 million interest
rate swap and foreign exchange facility. These facilities mature on
May 31, 2015.
The revolving credit facility will be used to support MAXM's
growth initiatives and pay out all previous BMO credit facilities.
Facilities being repaid are an amortizing term loan ($19 million)
and two facilities supporting letters of credit ($9 million).
About MAXIM
Based in Calgary, Alberta, MAXIM is an independent power
producer, which acquires or develops, owns and operates innovative
and environmentally responsible power and power related projects.
MAXIM currently owns and operates 40 power plants in western
Canada, United States and France, having 788 MW of electric and 111
MW of thermal net generating capacity. MAXIM trades on the TSX
under the symbol "MXG". For more information about MAXIM, visit our
website at www.maximpowercorp.com.
Statements in this release which describe MAXIM's intentions,
expectations or predictions, or which relate to matters that are
not historical facts are forward-looking statements. These
forward-looking statements involve known and unknown risks and
uncertainties which may cause the actual results, performances or
achievements of MAXIM to be materially different from any future
results, performances or achievements expressed in or implied by
such forward-looking statements. MAXIM may update or revise any
forward-looking statements, whether as a result of new information,
future events or changing market and business conditions and will
update such forward-looking statements as required pursuant to
applicable securities laws.
Contacts: Maxim Power Corp. John R. Bobenic President and CEO
(403) 750-9300 Maxim Power Corp. Michael R. Mayder Vice President,
Finance and CFO (403) 750-9311 www.maximpowercorp.com
Grafico Azioni Maxim Power (TSX:MXG)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Maxim Power (TSX:MXG)
Storico
Da Giu 2023 a Giu 2024
