Leading asset management provider Universal mCloud Corp. (TSXV:MCLD) (OTCQB:MCLDF) announced last week that it has entered into a credit facility with Integrated Private Debt Fund VI LP for $13 million CAD.
According to the company, proceeds of the loan will be used to fund the repayment of outstanding notes related to its recent acquisition of Autopro Automation Consultants Inc., as well as for working capital purposes.
What’s more, Universal mCloud will be settling a debt owed to GBCC Corporation, its advisor on the Chinese market expansion opportunities, in the amount of $60,000 CAD through ...
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