Farmers Edge announces increase in credit facility
- Finance
William Murphy- 0
- 7 minutes read
Nov. 16, 2023 3:30 AM ETFarmers Edge Inc. (FDGE:CA), FMEGFBy: Arundhati Sarkar, SA News Editor
- Farmers Edge (TSX:FDGE:CA) announced that it has entered into an amendment to its secured credit facility with Fairfax Financial Holdings and/or certain of its affiliates.
- The Facility has been increased by $6.37 million to a principal amount of $81.37 million.
- The increased amount is being extended on the same terms as the underlying credit agreement, including deferred interest at a rate of 6% per annum and a maturity date of January 31, 2025.
- Source: Press Release
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