Vertex Resource Group Enhances Credit Terms

Vertex Resource Group Ltd. (TSE:VTX) has released an update.

Vertex Resource Group Ltd. has successfully renegotiated its credit arrangements, extending the maturity date of its $76 million Credit Facilities to May 31, 2027, and increasing its syndicated term loan by $5 million, accompanied by a decrease in the accordion facility by the same amount. The company’s banking syndicate, now spearheaded by RBC Bank Canada, includes notable financial institutions such as ATB Financial, Canadian Western Bank, and National Bank of Canada. This strategic financial move aims to fortify Vertex’s long-standing position as a key player in providing environmental services across North America since 1962.

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