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Stock impact report

BUHLER INDUSTRIES RECEIVES ADDITIONAL FINANCING [Yahoo! Finance]

Canadian Imperial Bank of Commerce (CM) 
Last canadian imperial bank of commerce earnings: 2/26 05:53 am Check Earnings Report
Company Research Source: Yahoo! Finance
Industries or the Company), has received $14.4 million Canadian ( $10.7 million USD ) in additional long term financing from its majority owner Basak Traktör Tarim Ziraat Ve Is Makinalari Sanayi Ticaret A.S. ("Basak Tractor"). Basak Tractor recently acquired majority ownership in Buhler Industries and is fully supportive in growing sales in Buhler Industries. Basak Tractor is a wholly-owned subsidiary of ASKO Holding. Buhler Industries negotiated favorable terms with Basak Tractor and has the ability to repay the debt sooner than full term. A portion of the loan expires in 2025 with full repayment due in 2028. In addition, the Company continues to negotiate its credit facilities with Canadian Imperial Bank of Commerce ("CIBC"). A portion of the credit facility was paid at the time of the takeover on December 28 About Buhler Industries Buhler Industries is headquartered in Winnipeg, Manitoba, Canada and is a publicly traded Company on the TSX (TSX: BUI). The Company manufactures Show less Read more
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