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FTG Completes New Banking Agreement
January 31, 2025 | Globe NewswireEstimated reading time: Less than a minute
Firan Technology Group Corporation announced that is has completed a new 3-year banking agreement with BMO Corporate Finance, which matures December 11, 2027, and which includes the following features:
- Committed revolving operating loan facility of USD $10.0M and committed revolving term credit facility of USD $10.0M
- Accordion facility of USD $15.0M in support of acquisitions
- Ancillary credit products for foreign currency hedging, precious metals hedging and credit cards
Jamie Crichton, Vice President and CFO, FTG Corporation stated “The new banking agreement with BMO Corporate Finance provides FTG with improved flexibility and reduced costs to support growth of our current operations and corporate development objectives. We look forward to working with the BMO Corporate Finance team”.
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