Discovery Air Inc. has successfully refinanced its existing operating lines of credit through the establishment of an asset-based lending facility with a new lender. This loan facility provides availability of up to $15 million augmented by a limit bulge of up to $10 million during the company’s seasonally busy period during which working capital demands are higher. The loan facility is available to Discovery Air and its operating subsidiaries, has a term of 14 months and carries an interest rate of 18% per annum on the advances drawn.
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Please contact
Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada