Touchstone is increasing its term credit facility by C$5 mm to C$20 mm. The terms of the amended term credit agreement are materially unchanged from the previous agreement. The credit facility continues to bear a fixed interest rate of 8% per annum, compounded and payable quarterly, with no mandatory principal payments until January 1, 2021. Touchstone is now required to repay C$1.1 mm per quarter commencing in January 2021 through October 2023, and the then outstanding principal balance is r
01 Nov 2019
FLASH: Debt funding address dilution concerns
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FLASH: Debt funding address dilution concerns
Touchstone Exploration Inc (TXP:LON) | 43.5 0 0.0% | Mkt Cap: 101.9m
- Published:
01 Nov 2019 -
Author:
Taro Kiley -
Pages:
2
Touchstone is increasing its term credit facility by C$5 mm to C$20 mm. The terms of the amended term credit agreement are materially unchanged from the previous agreement. The credit facility continues to bear a fixed interest rate of 8% per annum, compounded and payable quarterly, with no mandatory principal payments until January 1, 2021. Touchstone is now required to repay C$1.1 mm per quarter commencing in January 2021 through October 2023, and the then outstanding principal balance is r