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Reeflex Solutions Announces Credit Facility With the Royal Bank of Canada

BY MT Newswires | ECONOMIC | 06/16/25 01:30 PM EDT

01:30 PM EDT, 06/16/2025 (MT Newswires) -- Reeflex Solutions (RFX.V) on Monday said it entered into a credit agreement with the Royal Bank of Canada for credit facilities.

The credit facilities include a revolving demand facility in the amount of $1 million bearing interest at the Royal Bank Prime Rate plus 1.25% and a revolving term facility in the amount of $500,000 available by way of a series of variable rate term loans and fixed rate term loans with terms up to 72 months.

"The Credit Facilities are secured by a General Security Agreement constituting a first ranking security interest in all of the property of Reeflex and a personal guarantee by an officer and director of the Company," said the company.

The company added that the specific repayment terms of a drawdown under the revolving term facility will be agreed to between it and RBC at the time of drawdown.

The company's shares were last seen down $0.01 to $0.14 on the TSX Venture Exchange.

Price: 0.14, Change: -0.01, Percent Change: -6.67

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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