Mecachrome Receives Financing Commitments Totalling 30 Million Euro
Mecachrome International Inc. ("Mecachrome") (TSX: MCH.TO) announced today that it has received commitments to finance its operations in the amount of 30 million euros. This financing includes a 20 million euros debtor-in-possession (DIP) financing facility from the Fonds de solidarité FTQ, and from the funds Aerofund, funds managed by ACE Management. In addition, Mecachrome's French subsidiary, Mecachrome France, has received financing commitments from French banks for a 7 million euros credit facility as well as a financing commitment from the CIRI (Comité Interministériel de Restructuration Industrielle) for a loan of 1 million euros. In the context of these financings, Mecachrome has also received financial support in the amount of 2 million euros from one of its main customers.
- Published: 22 December 2008
- Written by Editor