abfjournal.com ...dedicated exclusively to the asset-based lending industry

Get Free INDUSTRY NEWS delivered to your inbox - Click Here to Register

ABF Journal...for the commercial finance professional

ABL SERVICES DIRECTORY

Our exclusive services directory
including asset-based lenders, secured
lenders, factoring companies, investment
banks and other industry providers.

FEATURED PARTNERS:

VIEW DIRECTORY

ABL DEAL CHARTS

abfjournal

.com

RECENTLY REPORTED DEALS:

Bank of America
$867.8MM, Tempur-Pedic International

GE Capital, Corporate Finance
$250MM, Neenah Enterprises

LBC Credit Partners
$35MM, idX

Click here to see more deals...

Access the latest asset-based
finance transactions on
abfjournal.com

VIEW DEAL CHARTS

Access to the Equipment Finance
industry is just one click away...

Visit our affiliate website today!

TD Bank, Others Provide $100 Million Revolver to Poseidon Concepts

Monday, July 09, 2012

Poseidon Concepts Corp. announced that it has entered into a new and increased $100 million two-year extendible revolving credit facility. The new facility is a senior secured revolving credit facility led by Toronto-Dominion Bank and including Bank of Nova Scotia, HSBC Bank Canada and National Bank of Canada.

The new facility also includes an annual provision for the company to request an extension to the two-year term. The increase in the amount of funds available under the new facility, combined with Poseidon's strong current financial position and anticipated future cash flows, provides the company with considerable flexibility and working capital to execute on its ongoing growth plans and pursue additional market opportunities.

Poseidon Concepts is a Canadian energy equipment and services company that provides fluid storage and handling solutions to the oil and natural gas industries across North America.



			SOUND OFF! Send a letter to the Editor, Jerry Parrotto at jparrotto@abfjournal.com. To get your company’s news included on the abfjournal.com site and published in the ABF Journal, contact Jerry Parrotto, Editor, at 800.708.9373 x153 or e-mail news to jparrotto@abfjournal.com.


			If you would like to search our News Archives, please click here

SPONSORED LINKS

ONLINE: Home News Archives ABL Services Directory Deal Chart Careers Calendar Advertise E-News Registration Related Sites Site Map RSS Feeds

PRINT EDITION: Subscribe to Print Edition Advertise ABFJ In Print Article Reprints Article Directory Article Submissions

SUPPORT: Subscriptions Privacy Policy Contact Info

Copyright © 1994 - 2013 Xander Media Group, Inc. and ABF Journal. All rights reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Xander Media Group.