Emerge Commerce refinances CAD 5.85 million term loan with Desjardins, cuts rate to 7.3%
Bitget2026/09/23 14:08- Emerge Commerce refinanced its CAD 5.85 million senior credit facility with Desjardins Ontario Credit Union, securing a seven-year term through September 2033.
- Term Loan pricing reset to Prime + 2.85% from Prime + 6.55%, lowering the current rate to 7.3% from 11%.
- Year-one cash flow savings estimated at about CAD 400,000 from lower interest, reduced refinancing costs, interest income.
- Facility includes a CAD 1 million revolving line of credit at Prime + 2% for working capital.
- Termination fee on the prior facility paid in 800,891 shares valued at CAD 67,275 at CAD 0.084 each.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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