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Northstar Signs MOU to Mine High Grade Zone 2 at Cam Copper Mine (click to learn more)
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Bullboard - Stock Discussion Forum CANEXUS CORP 6.5 PCT DEBS T.CUS.DB.D

Chemicals Specialty Chemicals

TSX:CUS.DB.D - Post Discussion

CANEXUS CORP 6.5 PCT DEBS > Canexus Announces Amendment of Financial Covenants
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Post by blondeBond on Mar 22, 2016 5:25pm

Canexus Announces Amendment of Financial Covenants

CALGARY, 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.
Comment by matmckenzie on Mar 22, 2016 7:00pm
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Comment by dudsywow on Mar 22, 2016 11:10pm
The bonds are starting to trade with greater confidence the merger will happen.
Comment by Kherson on Mar 23, 2016 1:43am
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Comment by bigbear4511 on Mar 23, 2016 11:22am
Its going to go through. Banks see this transition coming and will definitely relax all covenants so the deal goes through.
Comment by Kherson on Sep 15, 2016 2:33pm
Great call on the CUS/SPB merger...
Comment by bigbear4511 on Sep 15, 2016 2:52pm
Yes I really thought it would go through. I stand corrected. I happy I was wrong. I just finished shorting oil from $48. TFSA is doing awesome. Up 154% since 2011. Hows yours? Moms?
Comment by bigbear4511 on Sep 15, 2016 3:00pm
You know what I like about you Kherson? Not much, except for a bit of comic really. Actually you know what I like about you? You mom. Last night. When I was showing her how to make money in the stock market...
Comment by super8green on Sep 15, 2016 3:09pm
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Comment by mattmckenzies on Sep 19, 2016 10:07am
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Comment by mattmckenzies on Sep 23, 2016 1:01pm
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Comment by finshark on Nov 23, 2016 1:37pm
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Comment by bigbear4511 on Sep 15, 2016 3:29pm
Oh man I got one wrong. Boy does that suck. FTC totally threw me for a loop. I wish I had a perfect record like Kherson...
Comment by mattycrusher on Sep 15, 2016 3:44pm
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