Trojan Technologies Announces New $39.5 Million Credit Facility.Business Editors LONDON, Ontario--(BUSINESS WIRE)--Feb. 13, 2001 Trojan Technologies Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :TUV (Technischer Überwachungs-Verein) Literally "Technical Watch-Over Association." A German certifying body involved with product safety for the European community. .) today announced that it has reached an agreement with Scotiabank for a new credit facility totalling up to $39.5 million. The facility, which replaces and increases the current operating line of credit and revolving term loan, consists of a $30 million line of credit, $9 million non-revolving term loan and $500,000 of other facilities. The term of the loan is 5 years with normal security, including a first mortgage on the Company's land and buildings and a General Security Agreement. "We are very pleased to have reached this new agreement, " said Douglas Alexander, Trojan's Executive Vice President and CFO See Chief Financial Officer. . "Not only does this facility reduce our borrowing costs and strengthen our financial position but it also demonstrates the confidence that one of Canada's leading financial institutions has in our company. We look forward to an exciting future with Scotiabank." "We very much welcome the addition of Trojan Technologies as a client of Scotiabank," said Tom Jesty, Vice President and Manager of Scotiabank's London Commercial Banking Centre. About Trojan Technologies Trojan Technologies is a Canadian based, high technology environmental company operating internationally. With more than 20 years of experience, Trojan has the largest installed base of UV disinfection disinfection, n the process of destroying pathogenic organisms or rendering them inert. disinfection, full oral cavity, n a procedure used to reduce active periodontal disease, usually completed within a certain short time frame. systems operating around the world. Trojan designs, manufactures and sells ultraviolet disinfection Ultraviolet disinfection is a form of wastewater treatment. It is commonly used in garden pond filtration systems to kill algae. Large scale urban UV wastewater treatment is performed in cities such as Edmonton, Alberta. systems for municipal wastewater, drinking water drinking water supply of water available to animals for drinking supplied via nipples, in troughs, dams, ponds and larger natural water sources; an insufficient supply leads to dehydration; it can be the source of infection, e.g. leptospirosis, salmonellosis, or of poisoning, e.g. systems for residential, municipal and commercial use, and industrial systems for food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. , pharmaceutical, and semiconductor applications. About Scotiabank Scotiabank is one of North America's premier financial institutions, with over $253 billion in assets and approximately 41,000 employees worldwide. It is also Canada's most international bank, with 1,700 branches and offices in more than 50 countries. |
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