Green Rise Foods Announces Approval of Refinance
Green Rise Foods Announces Approval of Refinance
Toronto, Ontario--(Newsfile Corp. - July 4, 2023) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company") is pleased to announce the Royal Bank of Canada ("RBC") and the Board of Directors have approved the refinance of its Green Rise 1 ("GR1") range mortgage and amendment to its credit facility.
安大略省多倫多-(Newsfile Corp.-2023年7月4日)-綠色崛起食品公司。(多倫多證券交易所股票代碼：GRF)(“Green Rise”或“本公司”)欣然宣佈，加拿大皇家銀行(“加拿大皇家銀行”)及董事會已批准其Green Rise 1(“Green Rise”)範圍按揭的再融資及對其信貸安排的修訂。
The total principal to be refinanced is $12.7 million at a fixed annual interest rate of 5.75% and for a term of three years. The GR1 range located in Leamington, Ontario, is directly next to the Mastronardi Produce ("Mastronardi") Head Office, which is the Company's fresh produce distributor. Mastronardi owns and distributes the Sunset brand of fresh fruits and vegetables.
再融資的本金總額為1,270萬美元，固定年利率為5.75%，期限為三年。GR1系列位於安大略省利明頓，緊挨著Mastronardi Products(“Mastronardi”)總部，該總部是該公司的生鮮農產品分銷商。Mastronardi擁有並經銷日落品牌的新鮮水果和蔬菜。
The credit facility will increase the Company's operating lines to $7.3 million and reduce the fixed coverage ratio to 1.1:1. In addition, an $0.8 million revolver will be provided for the purposes of funding annual CAPEX.
這一信貸安排將使公司的經營額度增加到730萬美元，固定覆蓋率降至1.1：1。此外，還將提供80萬美元的左輪手槍，用於資助年度資本支出。
Both the refinanced mortgage and updated credit facility will have an effective date of July 1, 2023, under the definitive documentation.
根據最終檔案，再融資抵押貸款和更新後的信貸安排的生效日期均為2023年7月1日。
ABOUT GREEN RISE
Green Rise is a grower of fresh produce with 72 acres of greenhouse ranges located in Leamington and Kingsville, Ontario. The "best-in-class" contract grower of fresh produce, the Company takes pride in providing high-quality, consistent, and reliable products to meet the growing consumer demand for locally grown fresh produce. The Company is proud to be an environmentally sustainable investment, producing locally grown, bee-pollinated fresh produce using less water than field-grown produce. The Company's first range is EFI (Equitable Food Initiative) certified.
關於綠色崛起
Green Rise是一家新鮮農產品種植商，在安大略省的利明頓和金斯維爾擁有72英畝的溫室範圍。作為“同類中最好的”新鮮農產品合同種植商，該公司以提供高質量、穩定和可靠的產品來滿足消費者對當地種植的新鮮農產品日益增長的需求而感到自豪。該公司為成為一家環境可持續投資公司而感到自豪，生產當地種植的、蜜蜂授粉的新鮮農產品，比田間種植的農產品使用更少的水。該公司的第一個產品系列通過了EFI(公平食品倡議)認證。
Contact Information
聯繫資訊
For further information, please contact:
如需更多資訊，請聯繫：
George Hatzoglou, Chief Financial Officer
Phone: +1-416-551-5015
E-mail: info@greenrisefoods.ca
首席財務官George Hatzoglou
電話：+1-416-551-5015
電子郵件：info@greenrisefoods.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多倫多證券交易所風險交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable securities laws. Any such forward-looking statements may be identified by words such as "expects", "anticipates", "believes", "projects", "plans" and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements. The statements in this news release are made as of the date of this release. Green Rise undertakes no obligation to update any such forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on any such forward-looking statements. Green Rise undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Green Rise or their respective financial or operating results or (as applicable), their securities.
前瞻性陳述
本新聞稿包含適用證券法所指的“前瞻性資訊”。任何此類前瞻性陳述都可以通過諸如“預期”、“預期”、“相信”、“專案”、“計劃”和類似的表述來識別。告誡讀者不要過度依賴前瞻性陳述。實際結果和發展可能與這些陳述中預期的大不相同。本新聞稿中的陳述是自本新聞稿發佈之日起作出的。除非適用的證券法要求，否則如果情況或管理層的估計或意見發生變化，Green Rise不承擔更新任何此類前瞻性陳述的義務。告誡讀者不要過度依賴任何此類前瞻性陳述。Green Rise不承擔對第三方就Green Rise或其各自的財務或經營業績或(如適用)其證券所作的分析、預期或陳述發表評論的義務。
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譯文內容由第三人軟體翻譯。