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0 0 0 0.00579710144927544 5.79710144926185E-06 0.0191304347826088 -0.00637681159420287 -0.00115942028985505
Stock impact report

Protech Home Medical Secures US$20 Million Senior Credit Facility With CIT Group’s Healthcare Finance Business

CIT Group Inc (DEL) (CIT) 
Last cit group inc (del) earnings: 4/21 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.cit.com
Company Research Source: GlobeNewswire
CINCINNATI, Sept. 21, 2020 (GLOBE NEWSWIRE) -- Protech Home Medical Corp. (“Protech” or the “Company”) (TSXV: PTQ), (OTCQX: PTQQF), a U.S. based leader in the home medical equipment industry, focused on end-to-end respiratory care, is very pleased to announce that it has entered into a US$20 million senior credit facility with CIT (NYSE:CIT). Financing Details Protech has entered into an Asset-Based Revolving Credit Facility with CIT’S Healthcare Finance business, part of its Commercial Finance division, pursuant to which the lender has agreed to advance up to $20 million at a tiered rate, this agreement has a four year maturity and may be extended pursuant to both parties agreement. Commentary “This senior credit facility with CIT is truly a momentous moment for Protech and I could not be prouder of the entire team for their continued hard work that led us to this very significant moment. With this new credit facility in place, we have added another tool in our toolbox that wil Show less Read more
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