Subject, inter alia, to shareholder approval to the conversion of the existing convertible preference shares, the banking syndicate
will extend the maturity of its existing facilities provided to WPP to June 1997 and will provide new facilities of up to $150 million to the Group for a period of two years.
The remaining[euro]10 million of the rights issue will be guaranteed by the banking syndicate
, which is comprised of the ING Bank, Rabobank, and the Royal Bank of Scotland.
As with insurance professionals, the banking syndicate
manager work to ensure members get the right services, at the right price, from the right bank.
Our existing banking syndicate
, with the addition of new banks, has affirmed its confidence in CN's solid financial performance.
Included are $100 million unsecured revolving credit facility with a banking syndicate
, led by The Chase Manhattan Bank, (N.
Joe was also instrumental in organizing JVC's increased equity investment and a $75 million line of credit from a banking syndicate
composed of international banks under the auspices of Chemical Bank.
The Company also announced that its Canadian banking syndicate
line of credit has been extended accordingly.
TSX:AGI) announces that it has signed a letter agreement with a banking syndicate
composed of Societe Generale, Standard Bank London Limited and Macquarie Bank Limited for up to US$45 million in term debt financing for the Mulatos Project in Sonora, Mexico.
The company also announced that it has received commitments from members of its existing banking syndicate
, conditional on completion of the offering of the Senior Notes, for the provision of a revolving committed facility of Cdn.
Cambior has already received approval from its banking syndicate
Separately, Biovail announced today that the 13 member banking syndicate
has unanimously agreed to extend Biovail's existing $600 million credit facility term to March 25, 2004.
discussions with its banking syndicate
regarding the negotiation of new
CFM Corporation ("CFM") announced today that it has amended and extended the credit agreement covering its current credit facilities with its banking syndicate
The company also announced that it has completed definitive agreements with members of its existing banking syndicate
for the provision of a revolving committed facility of Cdn.
We have a good relationship with our banking syndicate
and note holders and the successful completion of these negotiations evidences our lender's confidence in our ability to achieve our growth and profit objectives", said Colin Adamson, Chairman and Chief Executive Officer.