Lumine Group Inc (TSE:LMN) has released an update.
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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.
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