-- Black Diamond Group's (BDI.TO) secured, asset-based, revolving credit facility has been upsized to C$550 million from $425 million, the company said Monday.
The uncommitted accordion of $75 million, the interest rate pricing grid and other major terms including financial covenants remained unchanged, Black Diamond said.
"Upsizing our asset-based credit facility provides us with additional liquidity to continue pursuing our accretive growth objectives as we scale the business," Chief Financial Officer Toby LaBrie said.
Black Diamond is an industrial services and asset management company that operates in Canada, U.S. and Australia through its modular space solutions and workforce solutions business units.