Lumine Group Inc (TSE:LMN) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Lumine Group Inc. has secured a substantial US$310 million debt facility, backed by a syndicate of North American banks, to bolster its acquisition strategy and operational finances. This new credit line, with a potential expansion of US$50 million, is anchored against the assets of select subsidiaries and will mature in March 2027. The interest rate is tied to benchmark rates and will fluctuate depending on the company’s leverage ratio.
For further insights into TSE:LMN stock, check out TipRanks’ Stock Analysis page.