June 12 (Reuters) - Intertape Polymer Group Inc
* Intertape Polymer Group (ipg(r)) enters agreement to acquire cantech(r) and increases borrowing capacity by $150 million
* Intertape Polymer Group Inc - purchase price will be financed with funds available under ipg’s revolving credit facility
* Intertape Polymer Group Inc - announced a $150 million increase in borrowing limit of its existing $300 million revolving credit facility
* Intertape Polymer Group Inc - purchase price of approximately $63 million
* Intertape Polymer Group Inc - amended credit agreement will continue to include an incremental accordion feature of $150 million
* Intertape Polymer Group - expects to use additional credit primarily to finance cantech acquisition Source text for Eikon: Further company coverage:
Our Standards: The Thomson Reuters Trust Principles.