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home / news releases / SOLCF - SOL Global repays additional $50M towards credit facility

SOLCF - SOL Global repays additional $50M towards credit facility

SOL Global Investments Corp
  • SOL Global Investments ( OTCPK:SOLCF ) repaid an additional $1M  towards its $50M credit facility with an arm's length lender thereby reducing the principal amount of the Credit Facility to $4.5M.
  • It announced that it is up to date on all interest payments and has also extended the term of the credit facility until Sep.30, 2023 to continue making principal payments towards the credit facility.
  • The company plans to provide shareholders with liquidity, and increases in market cap in 2023, which will be more reflective of the company's current and potential net asset value.
  • Current chairman & CEO Kevin Taylor, will transition from the company to a strategic advisory role working directly with SOL's portfolio companies.

For further details see:

SOL Global repays additional $50M towards credit facility
Stock Information
Company Name: SOL Global Investments Corp
Stock Symbol: SOLCF
Market: OTC
Website: solglobal.com
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