Amcomri Entertainment Restructures Credit Terms
Company Announcements

Amcomri Entertainment Restructures Credit Terms

Amcomri Entertainment Inc (TSE:AMEN) has released an update.

Amcomri Entertainment Inc. has successfully renegotiated and extended the terms of its existing credit facilities, now due on June 30, 2024, with a fixed interest rate of 15% annually. The loans, originally in US dollars, have been converted to British Pounds, and can be repaid at any time without penalty. These loan amendments, involving a related party transaction with the Company’s Chairman’s entity, have been approved by independent board members and meet regulatory exemptions.

For further insights into TSE:AMEN stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskAmcomri Entertainment Appoints New CEO Amidst Company Wind-Up
TipRanks Canadian Auto-Generated NewsdeskAmcomri Entertainment Faces Delisting After Business Sales
TipRanks Canadian Auto-Generated NewsdeskAmcomri Entertainment Finalizes Business Sales
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App