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Brookfield-backed NAP Raises Additional $25M In Debt Funding
North American Palladium Announces Extension of Credit Facility and US$25 Million Debt Financing from Brookfield North American Palladium Ltd. (“NAP” or the “Company”) (TSX:PDL)(OTC PINK:PALDF) today announced financings to fund working capital and capital expenditures for the Company’s Lac des Iles palladium mine (“LDI”) in northern Ontario. Extension of the existing operating credit facility with The Bank of Nova Scotia until November 30, 2017; and Closing of a US$25 million secured term loan from Brookfield Capital Partners Ltd. (“Brookfield”), the ... Full investment news article
Macpac Stake Sold To Venture Capital Fund Champ Ventures
A majority stake in outdoor goods retailer Macpac has been sold to an Australian private equity fund. Champ Ventures, which owns part of sportswear chain Lorna Jane, bought the majority share for an undisclosed sum. Macpac was founded by Bruce McIntyre in 1973 in Christchurch and has 27 stores in New Zealand and 16 in Australia. It was nearly 58 per cent owned by Kathmandu founder Jan Cameron's Alp Sports. The sale to Champ Ventures, which was led by KPMG's mergers and acquisitions team, was expected ... Full investment news article