Source - Alliance News
Marble Point Loan Financing Ltd - Guernsey based closed-ended investment company - Amends certain provisions of its credit deal with City National Bank. Says amendments include an extension of the scheduled maturity date to May 20 next year, and a revised total commitment of $9.0 million. Additionally, there will be ‘newly agreed upon amortisation schedule’ of at least $250,000 quarterly. As at Thursday, outstanding borrowings on Marble Point’s revolving credit facility totals $7.9 million.
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