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Post# of 37346
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bar1080

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bar1080

Re: QUANTUM314 post# 986

Wednesday, 01/04/2017 9:27:55 AM

Wednesday, January 04, 2017 9:27:55 AM

Post# of 37346
Big news BUT:

"The Loan Facility is secured by mortgages on 46 real properties owned by the Company's subsidiaries and will be secured by additional real properties if the remaining $179 million loan commitment is drawn. The Loan Facility bears interest at a rate of 8% per annum and is guaranteed by the Company. The Loan Facility is intended to provide the Company with additional liquidity to fund its operations while it initiates a process to market and sell a portfolio of its real estate assets, the proceeds of which would primarily be used to repay outstanding indebtedness."

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