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BRIEF-Discovery air announces revolving credit facility from Clairvest
December 20, 2016 / 2:21 PM / a year ago

BRIEF-Discovery air announces revolving credit facility from Clairvest

Dec 20 (Reuters) - Discovery Air Inc :

* Discovery Air - all borrowings under facility secured, bear interest at 12% per annum payable on Feb 15, 2017,may 15, 2017 and mature on June 30, 2017

* Discovery Air Inc says all borrowings under revolving credit facility are secured and will mature on June 30, 2017

* Discovery air inc says credit agreement provides a revolving credit facility in aggregate principal amount of up to $25 million

* Discovery Air - proceeds to be used to refinance existing equipment loan in favor of corporation pursuant to credit agreement dated march 30, 2016

* Discovery Air announces revolving credit facility from Clairvest Source text for Eikon: Further company coverage:

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