As at October 4, 2024Show prices
STORAGEVAULT CANADA INC. (“StorageVault“) (SVI-TSX-V) is pleased to announce that it has entered into a credit agreement (the “Credit Agreement“) with Bank of Montreal (“BMO“), pursuant to which BMO has agreed to make available to StorageVault credit facilities in the amount of up to $24 million. Such credit facilities are comprised of: (i) a $20 million revolving credit facility for re-financing of existing term debt and for future acquisition of self storage facilities; (ii) a $2 million revolving credit facility for expansion of PUPS portable storage facilities; (iii) a $1 million revolving credit facility for the purchase of equipment associated with the operation of PUPS; and (iv) a treasury risk management facility subject to a limit of $1 million.