East Side Games Adds New Credit Facilities, Repays RBC Debt
East Side Games Group secured a C$3.0 million revolver, up to C$3.5 million in tax-credit term loans with NBC, and a $4.0 million EDC term loan. It repaid RBC debt; about C$3.2 million was drawn at closing, with C$1.0 million cash on hand and approximately C$6.4 million of availability remaining.
East Side Games Group established new credit facilities with NBC, comprising a C$3.0M revolver and tax-credit term loans of up to C$3.5M, as well as a $4.0M term loan from EDC. The company repaid its RBC debt. At closing, about C$3.2M had been drawn. East Side Games had C$1.0M in cash on hand, with approximately C$6.4M of availability remaining.