POMPANO BEACH, Fla.--BUSINESS WIRE--June 8, 1999-- FutureTrak International, Inc. (NASD BB:FTRK/FTRKD) announced today that it has received the first block of its bridge capital through its accredited investors. The term of the bridge loan is based on 120 days with 20% return. The bridge loan is collaterized against 144...
CHICAGO -- Fitch Ratings has assigned a 'BBB' rating to Con-way Inc.'s (NYSE:CNW) new $500 million bridge loan facility. Con-way has borrowed $425 million from the facility, and no further borrowings are permitted. The bridge loan matures on August 21, 2008, and the full amount of the borrowings will be...
TAMPA, Fla.--BUSINESS WIRE--Feb. 19, 1999--Viking Resources International, Inc. (OTC BB:VIKG) Viking Resources International, Inc. President/CEO, Dan Erickson, announced today that the company has received a firm commitment for bridge loan funding from a Northwestern US funding group. Viking expects the details of the bridge loan funding and its use...
OccuLogix, Inc. (TSX: OC)(NASDAQ: OCCX) announced today that it has secured an additional bridge loan in an aggregate principal amount of U.S.$3,403,500 from a number of private parties (the "Additional Bridge Loan"). U.S.$2,893,500 of the principal amount of the Additional Bridge Loan will be advanced by certain of the investors...
MELBOURNE, Fla.--BUSINESS WIRE--Jan. 7, 1999--American Quantum Cycles Inc. (OTC BB:AMQC) today announced that it has completed a bridge loan for $900,000 and secured a $755,000 line of credit. Richard K. Hagen, Chairman and CEO stated: "We elected to preserve shareholder equity by minimizing the amount of capital raised through...
Prudential Securities appears to have the inside track to provide permanent financing that will take out a $200 million bridge loan it provided last month to Mack-Cali Realty. The Cranford, N.J., REIT used proceeds of the loan to help finance Cali Realty's $1.2 billion acquisition of...
Business Editors GREENSBORO, N.C.--BUSINESS WIRE--Feb. 14, 2003 BGF Industries, Inc. BGF has today announced that it has closed on a $10 million bridge loan with CIT Business Credit, a unit of CIT Group Inc. The net proceeds from the bridge loan have been used to repay all...
Business Editors TORONTO--BUSINESS WIRE--May 16, 2000 Commercial Consolidators Corp. ("CCZ")(CDNX:CCZ.) has negotiated a $6.5 million bridge loan from a syndicate of private investors including Mr. Fredrick Maclean, a director of the Company, as to $2.5 million. The bridge loan is due and payable on or before April...
PANORAMA CITY, Calif. -- Nextera Enterprises, Inc. (OTCBB:NXRA) today announced that it has entered into a bridge loan financing facility with its existing lender NewStar Financial, Inc. and certain of its significant shareholders.
DELRAY BEACH, Fla.--BUSINESS WIRE--May 23, 1995--Westmark Group Holdings Inc. (NASDAQ:WGHI), announced Tuesday that a $250,000 bridge loan was successfully placed by Brookstreet Securities of Irvine, Calif.This is part of an overall financing package, where Brookstreet Securities has issued a firm commitment for a $5 million convertible debenture and up to...
COLORADO SPRINGS, Colo. -- PSI Corporation, operating as Pantel Systems, Inc. (PSCP.PK), a self-service provider of customer-facing public access self-service systems, today announced that it has received a $350,000 bridge loan to be used for expansion of ongoing operations. The loan was provided from various private investors and one existing...
J.P. Morgan Chase, Bank of America and Salomon Smith Barney are leading a six-bank syndicate that will provide a $1 billion bridge loan to Equity Office Properties. The one-year loan, pegged to Libor plus 80 bp, will help the Chicago REIT finance its $7.3...
Business Editors VANCOUVER, B.C.--BUSINESS WIRE--July 16, 2001 Image Power (CDNX:IPZ.) today announced that it has arranged a bridge loan ("Loan") totaling $1,550,000 through First American Financial Group of New York on a best efforts basis. The Loan has a one year term, pays interest of 9% per...
EuroTrust A/S (NASDAQ: EURO) today announced that it had entered into an agreement which will provide the Company with a bridge loan facility of up to DKK 250 million ($43,486,607). The terms of the loan facility provide that the Company may draw down on the facility at any time prior...
Vornado Realty will soon be looking to replace a $250 million bridge loan that financed its purchase last year of a huge property portfolio from the Kennedy family. The Saddle Brook, N.J., REIT will seek a long-term mortgage on the properties to pay off...
FAIRFIELD, N.J.-Measurement Specialties Inc. has closed a $9.3 million bridge loan from Castletop Capital L.P., a limited partnership controlled by Mort Topfer, vice chairman of MSI. The loan proceeds were used to refinance the company's existing ban FAIRFIELD, N.J.-Measurement Specialties Inc. has closed a $9.3 ...
MONTREAL--BUSINESS WIRE--March 21, 1997--Dominion Bridge Corporation (NASDAQ/NNM:DBCO;VSE:DMO.U), today announced the prepayment of US$10 million of the company's US$30 million bridge loan facility with Bankers Trust Credit Corporation ("BTCC"). The proceeds from the Company's recently completed sale of 6 million shares of McConnell Dowell Corporation ("MDC") common stock at AU$2.25...
Business Editors MIAMI--BUSINESS WIRE--March 31, 2003 Panamerican Beverages, Inc. (the "Company" or "Panamco") (NYSE:PB), announced today that it has entered into a Bridge Credit Agreement with ING Bank N.V. for a bridge facility in an aggregate principal amount of U.S.$150 million (the "Loan") for a term of 4...
TEMPE, Ariz. -- Syntax-Brillian Corporation (Nasdaq:BRLC), a manufacturer and marketer of LCD and LCoS[TM] HDTVs and digital entertainment products, announced that it has entered into a term loan agreement for a $20 million term note with CIT Commercial Services, a unit of CIT Group Inc., which is a leading global...
DENVER--BUSINESS WIRE--May 2, 1995--Packaging Research Corporation PRC (NASDAQ:PRCA), an Englewood, Colorado-based manufacturer of precision high-speed food processing equipment, today announced it has secured approximately $600,000 in bridge loans, which will be utilized to meet PRC's short-term capital requirements.The loans were made by a group of lenders that includes officers and...
