Canexus Announces Amendment of Financial CovenantsCALGARY, AB--(Marketwired - March 22, 2016) - Canexus Corporation (TSX:
CUS) (the "Corporation" or "Canexus") today announced it amended its Credit Agreement, with its syndicate of banks, effective March 22, 2016. This amendment modifies certain financial covenants relating to the first and second quarters of 2016. We anticipate this relaxation will provide the Corporation with flexibility and an appropriate level of liquidity until the expected closing of the arrangement agreement with Superior Plus ("the Transaction").
Both Canexus and Superior Plus expect the Transaction to close in the first half of 2016.