BRIEF-BRI-CHEM AGREES WITH CIBC TO INCREASE ABL FACILITY TO $35 MILLION

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Nov 7 (Reuters) – Bri-Chem Corp:

* BRI-CHEM CLOSES EXTENSION AND INCREASE OF ITS SENIOR BANKING FACILITY AND REFINANCING OF ITS SUBORDINATED DEBT

* BRI-CHEM – ‍REACHED AGREEMENT WITH CIBC TO INCREASE ABL FACILITY FROM $25 MILLION TO $35 MILLION, EXTEND TERM OF FACILITY FOR PERIOD OF 3 YEARS TO NOV 2020​

* BRI-CHEM – ‍IN ADDITION, CO HAS ALSO AGREED TO REFINANCE ITS CURRENT SUBORDINATE DEBT LOAN WITH A NEW FIVE YEAR TERM LOAN WITH GREYPOINT CAPITAL INC​ Source text for Eikon: Further company coverage:

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