FormerXBC Inc XEBEQ

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Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification, associated gas, engineering services, and air dryers. The company's geographical segments are United States, Canada, China, Other, Korea, Italy, and France.

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FormerXBC Inc > Everyone is waiting

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Comment by Gann999on May 18, 2022 2:05pm

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Post# 34693026

RE:RE:RE:RE:RE:Everyone is waiting

They have only drawn 5 million of that so can easily have access to another 40 million until this legacy is off the books.

TradePro wrote:
Unfortunately, I do not come to the same conclusion as you Tamaracktop.

Here is what the company said in their Q1/22 MD&A:

In January 2022, the Company and National Bank of Canada’s Technology and Innovation Banking Group executed a Consent Agreement to amend the existing February 2021 Credit Agreement. The credit facilities are available until June 30, 2022, with a total value of up to $59.3 million ($59.3 million as at December 31, 2021).