IBC Advanced Alloys amends Loeb term loan, raises facility to US$1.37 million
- IBC Advanced Alloys amended its October 26, 2023 term loan with Loeb Term Solutions, refinancing the remaining US$916,000 balance.
- Facility size increased to US$1.37 million; maturity extended by three years from the amendment date.
- Expected incremental proceeds of about US$424,000 for working capital, net of fees and expenses.
- Amendment remains subject to TSX Venture Exchange approval.
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