Post by
profitprophet1 on Jul 17, 2020 10:19am
A big acquisition may be close
The credit facility significantly increases Sylogist's capacity for transformative acquisitions. Together with cash on hand, we now have access to over $80 million with which to grow the Company. Low fees and flexible terms will allow us to modestly leverage our capital structure while maintaining industry-leading cash flow. As we position our highly profitable platform for expansion, this credit will help accelerate Sylogist's growth" stated Jim Wilson, President and CEO.
Comment by
Moogul on Jul 17, 2020 12:58pm
Such a great release!!! Incredibly cheap credit / flexible terms
Comment by
Moogul on Jul 17, 2020 1:08pm
It's right in the title of their release... if they make a sizeable aquisition. And are able to gain just a fair sass peer multiple this is a very easy double and it pays 4% while we wait. GLTA