Vertex Resource Group plans subordinated term loan up to C$7 million from Factory Capital-led syndicate
Bitget2026/10/08 22:30Vertex Resource Group plans a subordinated term loan of up to C$ 7 million from a Factory Capital Lending-led syndicate. Pricing set at 15% annually, split between 9% cash interest paid quarterly and 6% PIK interest compounded quarterly. Facility secured by a demand debenture, subordinated to existing secured debt, with guarantees from certain wholly owned subsidiaries. Maturity expected on March 7, 2029; proceeds earmarked for working capital and general liquidity. Lenders to receive 4,863,636 bonus warrants at $0.18; Factory Capital Management to receive 3,636,364 compensation warrants at $0.18. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vertex Resource Group Ltd. published the original content used to generate this news brief via CNW (Ref. ID: 202610081830CANADANWCANADAPR_C4112) on October 08, 2026, and is solely responsible for the information contained therein.
- Vertex Resource Group plans a subordinated term loan of up to C$ 7 million from a Factory Capital Lending-led syndicate.
- Pricing set at 15% annually, split between 9% cash interest paid quarterly and 6% PIK interest compounded quarterly.
- Facility secured by a demand debenture, subordinated to existing secured debt, with guarantees from certain wholly owned subsidiaries.
- Maturity expected on March 7, 2029; proceeds earmarked for working capital and general liquidity.
- Lenders to receive 4,863,636 bonus warrants at $0.18; Factory Capital Management to receive 3,636,364 compensation warrants at $0.18.
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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