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BRIEF-ENTREC completes 5 year extension of senior credit facility
October 10, 2017 / 10:05 PM / 7 days ago

BRIEF-ENTREC completes 5 year extension of senior credit facility

Oct 10 (Reuters) - ENTREC Corp

* ENTREC Corporation completes 5 year extension of senior credit facility

* ENTREC Corp - ‍ABL facility now matures on October 10, 2022 and will continue to require payments of interest only​

* ENTREC Corp - ‍ amendments were made to ABL facility, including, a voluntary reduction in ABL facility to $172.5 million from $240 million previously

* ENTREC Corp - ‍ amendments to ABL facility includes removal of accordion feature to increase abl facility by a further $75 million​

* ENTREC-Amendment to ABL facility include requirement that co’s convertible debentures due June 30, 2021 be repaid or extended prior to March 31, 2021​ Source text for Eikon: Further company coverage:

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