- Canada-based connected safety company Blackline Safety ( OTCPK:BLKLF ) has signed a non-binding term sheet with ATB Financial for a new two-year $15M senior secured operating facility.
- The credit facility, subject to various conditions, also includes a potential $5M accordion feature to increase the size of the facility.
- The new credit facility is expected to replace the company's existing senior secured credit facility with another lender, which was not renewed on the terms presented by the lender and no amounts are currently drawn or outstanding on such facility.
- Source: Press Release
For further details see:
Blackline Safety signs term sheet for $15M credit facility