2023-03-10 09:47:28 ET
- SQI Diagnostics ( OTCQB:SQIDF ) announces that Pivot Financial has agreed to advance an additional $500K to SQI under existing secured credit facility with Pivot dated February 11, 2022.
- The new advance will be secured by the existing general security agreement in favour of Pivot that was entered into in connection with the credit facility in February 2022.
- As of the date, Pivot has loaned SQI $7.5M under the credit facility.
- SQI has also agreed to pay Pivot an administrative amendment fee of $10,000 in connection with the amendment.
- All other terms of the credit facility remain unchanged.
For further details see:
SQI Diagnostics granted another $500K credit facility from Pivot