Bullboard - Stock Discussion Forum SOL Global Investments Corp C.SOL

Alternate Symbol(s): SOLCF

Healthcare Biotechnology

SOL Global Investments Corp. is a Canada-based diversified international investment and private equity holding company, which is engaged in investing in small and mid-cap sectors. SOL Global provides growth capital to small and mid-sized businesses. The Company’s investments range from minority positions to strategic holdings with active advisory mandates with an objective of providing... see more

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CSE:SOL - Post Discussion

SOL Global Investments Corp > Continue Principal Re-Payments Towards $50 M Credit Facility

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Post by Betteryear2 on Dec 02, 2021 8:43am

Continue Principal Re-Payments Towards $50 M Credit Facility

SOL Global Investments Corp. (the “Company” or “SOL Global”) (CSE: SOL) (OTCQ SOLCF) (Frankfurt: 9SB) is pleased to announce that it has repaid an additional $2.5 million toward its $50 million credit facility with an arm’s length lender (the “CreditFacility”), reducing the principal amount of the Credit Facility to $45 million. As disclosed in SOL Global’s news release dated August 7, 2021, the Credit Facility was obtained to partially fund the acquisition of a non-convertible debenture pursuant to a settlement in a previously disclosed dispute. SOL Global intends to continue making similar payments towards the Credit Facility in the coming weeks and months, as the Company continues to take profits on various existing investments. The Company will continue providing further updates of material changes respecting the Credit Facility, including any additional payments.

https://www.businesswire.com/news/home/20211202005524/en/

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