Global Payments Renews Canadian Credit Facility

Tuesday 23 November 2004 17:36 CET | News

Global Payments has renewed its $175 million Canadian revolving credit facility agreement, which equates to approximately $146 million in U.S. dollars based on current exchange rates.

This agreement is with a syndicate of financial institutions, including CIBC and certain members of Global Payments existing U.S. bank group. Global Payments will continue to use this credit facility in connection with its Canadian merchant settlement process. The credit agreement has a 364-day term and may be extended for additional 364-day periods upon the mutual agreement of the parties.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce