WINNIPEG, Manitoba — North West Co. here said it has reached agreement on a $52 million (U.S.) loan facility to replace a current loan maturing in December. The new credit facility is secured by a floating charge against the assets of North West, which operates 229 stores under the Northern, NorthMart, Giant Tiger, AC Value Center and Cost-U- Less banners in Canada and the Caribbean. It has annual sales of around $1.5 billion.
SIGN IN TO ACCESS THIS ARTICLE
Registering for Premium Content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick.