Post by
leo101 on May 12, 2015 6:18pm
new armtec
just what is new armtec goint to be? a publicly traded company or division of brookfield?
Comment by
duckdog68 on May 12, 2015 8:32pm
New Armtec is an affiliate of Brookfield Capital Partners Fund III LP - this is a private equity fund. Brookfield Transaction means bye-bye to existing shares effective June 1, unless something happens that interrupts the Brookfield Transaction before then.
Comment by
HRc60to65 on May 18, 2015 10:03am
A portion of the 155 M$ of receivables can be due by Brookfield affilialed, like Broofield Properties for sound wall or building facing panels etc. If it the case Brookfield was creditor and debitor at the same time and in conflict of interest in that deal to takeover ARMTECH. Only Brookfield and the ARF management team know about who is the debitor of ARMTECH receavables.
Comment by
2Greying on May 18, 2015 11:05pm
Receivables are used to secure their operating loan with CIBC.
Comment by
HRc60to65 on May 19, 2015 7:29am
The loan is 30 M$ and recevable is 155 M$