December 5, 2016 / 12:47 PM / 10 months ago

BRIEF-The Second Cup announces $8 mln secured term loan

Dec 5 (Reuters) - Second Cup Ltd :

* The Second Cup Ltd announces $8 million secured term loan with affiliate of Serruya Private Equity

* Term loan carries an interest rate of 10%

* Proceeds from term loan will be used to repay company’s existing $6 million credit facility

* $8 million secured term loan has tenure of 4 years Source text for Eikon: Further company coverage:

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