Stein Valuation, Inc.
Real Estate Appraisal & Consultation
| HOME > Appraisal | Commercial Real Estate News > Real Estate News > Stantec Inc.: Stantec Announces Current Credit Facility Increased to C$250 Million |
| Stantec Inc.: Stantec Announces Current Credit Facility Increased to C$250 Million
EDMONTON, ALBERTA (MARKET WIRE) Stantec (TSX: STN) (NYSE: SXC) announced today that the Company has reached an agreement to increase the limit of its existing revolving credit facility from C$160 million to C$250 million. The agreement also includes a provision for Stantec to obtain access to an additional C$50 million under the same terms and conditions, upon approval from the lenders. Stantec will use the credit facility for working capital, general corporate purposes, and to provide financing for recently completed and future acquisitions. Article published by Marketwire.com |
|
News Home - Archive
|