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BRIEF-Triple-S Management enters into a credit agreement pursuant to which it borrowed approximately $35.5 mln
December 30, 2016 / 2:42 PM / 9 months ago

BRIEF-Triple-S Management enters into a credit agreement pursuant to which it borrowed approximately $35.5 mln

Dec 30 (Reuters) - Triple-s Management Corp

* Term loan a matures in October 2023 and term loan B and term loan C mature in January 2024

* Triple-S management-expects to use proceeds of loan to prepay on Jan 11 outstanding principal amount of 6.70 pct senior unsecured notes due January 2021

* On December 28 entered into a credit agreement pursuant to which it borrowed approximately $35.5 million - SEC filing

* Expects to use proceeds of loan to refinance an existing firstbank credit facility

* Expects to use proceeds of loan to fund a portion of a debt service reserve for loan Further company coverage:

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