Dorel Inds. Closes on $300 Million Credit Agreement

June 17, 2010  by in UnCategorized   

By Home Furnishings Business in Financial Reports on June 18, 2010 RTA specialist Dorel Inds. (TSX: DII.A) and (TSX: DII.B) has completed the extension of a revolving credit facility that allows the company to borrow up to $300 million and contains provisions to borrow up to an additional $200 million.

The three-year agreement, effective July 1 and expires July 1, 2013 was led by the Royal Bank of Canada (NYSE: RY) and the Bank of Montreal (NYSE: BMO).

The credit agreement is in addition to a $200 million fixed-rate, long-term financing announced in April.