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North West Company Inc. has announced the expansion and expansion of its revolving loan facility. CanadianBusinessJournal

Winnipeg, Manitoba, March 3, 2022 (GLOBE NEWSWIRE) — (TSX: NWC): North West Company Inc. (“Company” or “North West”) has announced that it has refinanced its $ 300 million and US $ 52.0 million loan facilities, which will mature on September 26, 2022. Existing lenders will provide the company with up to $ 400 million and US $ 52.0 million for labor capital and general corporate purposes.

Canadian dollar facilities include floating rates based on banker acceptance rates and stamping fees, or Canadian prime rates. US dollar facilities have floating interest rates based on US LIBOR or alternative reference rates plus spreads.These loan facilities will mature and be ranked on March 1, 2027. PARI passu Along with our other preferred debt.

Company Profile

North West Company Inc. is a leading retailer that provides food, daily necessities and services to rural and urban areas of Canada, Alaska, the South Pacific and the Caribbean through its subsidiaries. North West operates 215 stores under the trade names Northern, NorthMart, Giant Tiger, Alaska Commercial Company, Cost-U-Less and RiteWay Food Markets, with annual sales of approximately $ 2 billion CDN.

Northwest common stock is traded on the Toronto Stock Exchange under the NWC symbol.

For more information, please contact:

Dan McConnell, President and Chief Executive Officer of The North West Company Inc.
Phone 204-934-1482; Fax 204-934-1317; Email dmcconnell@northwest.ca

John King, Executive Vice President and Chief Financial Officer of Northwest Company, Inc.
Phone 204-934-1397; Fax 204-934-1317; Email jking@northwest.ca


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North West Company Inc. has announced the expansion and expansion of its revolving loan facility. CanadianBusinessJournal

Source link North West Company Inc. has announced the expansion and expansion of its revolving loan facility. CanadianBusinessJournal

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