Post by
retiredcf on Mar 10, 2023 1:23pm
Banking
Good to see that CTS is banking with the big boys and not with SVB. GLTA
TORONTO and GATINEAU, QC, Feb. 9, 2023 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) a services-led, software-enabled IT & Cloud Solutions provider, is pleased to announce it has increased its $500 million global revolving credit facility (the "Global Credit Facility") to $600 million under its accordion feature on its existing credit terms. J.P. Morgan and Canadian Imperial Bank of Commerce are joint lead arrangers, with the Bank of Nova Scotia, the Toronto-Dominion Bank, and the Bank of Montreal participating in the lender group.
Comment by
jsg335 on Mar 10, 2023 1:32pm
Yes, but it's being lumped in with all the rest of tech and the worry about financing. Bloodbath today. If they actually have an offer on the table they should take it at this point. Could see mid 3's otherwise.