Crown Cap (TSE:CRWN) has released an update.
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Crown Capital Partners has secured a new C$15 million credit facility with Sandton Capital Solutions, replacing their previous arrangement with Canadian Western Bank. The funds will be used to repay existing senior debt, enabling Crown to focus on growth and balance sheet deleveraging. Additionally, Crown plans to address a deferred interest payment on its debentures, facilitated by this new credit agreement.
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