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.
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.