FLINT has extended the maturity dates of its asset-based revolving credit facility with The Toronto-Dominion Bank, which provides for maximum borrowings of up to $50 million to April 14, 2027 (previously April 14, 2025); its term loan facility with Canso Investment Counsel, in its capacity as portfolio manager for and on behalf of certain accounts that it manages, that provides for maximum borrowings of up to $40.5 million to October 14, 2027 (previously October 14, 2025); and its 8% senior secured debentures to October 14, 2027 (previously March 23, 2026).
“We value our relationship with TD Bank and Canso and appreciate the commitment they have shown by extending the maturity date of their respective loans,” Barry Card, CEO of FLINT, said. “Their ongoing support is pivotal as we continue to execute our organic growth strategy that targets both industrial end market and geographic diversification.”
As of March 31, 2024, no amounts were drawn on the asset-based revolving credit facility, $40.5 million was outstanding under the term loan facility and $130.1 million of senior secured debentures were outstanding.
