December 1, 2017 / 1:32 PM / 15 days ago

BRIEF-Discovery Air Inc. Announces Credit Update

Discovery Air Inc:

* DISCOVERY AIR INC. ANNOUNCES CREDIT UPDATE

* DISCOVERY AIR INC - EXTENDED ITS OPERATING CREDIT FACILITY WITH CANADIAN IMPERIAL BANK OF COMMERCE FOR A TERM ENDING JANUARY 31, 2018

* DISCOVERY AIR INC - SUBSIDIARY, AIR TINDI LTD. HAS ENTERED INTO A SUBORDINATED CREDIT AGREEMENT WITH CLAIRVEST GROUP INC. AND ITS AFFILIATES

* DISCOVERY AIR -UNIT‘S SUBORDINATED CREDIT AGREEMENT PROVIDES FOR REVOLVING SUBORDINATED CREDIT FACILITY IN AGGREGATE PRINCIPAL AMOUNT OF UP TO $8 MILLION

* DISCOVERY AIR- AMENDED, RESTATED BOTH OF AIRCRAFT LOAN AGREEMENTS WITH ECN AVIATION TO PROVIDE FOR REPAYMENT OF AMOUNT NOT EXCEEDING $5 MILLION Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below