Advantex Announces Amendment to Debentures
June 19 2024 - 5:19PM
PR Newswire (Canada)
TORONTO, June 19,
2024 /CNW/ - Advantex Marketing International Inc.
(CSE: ADX) ("Advantex"), a leader in the merchant cash advance and
loyalty marketing products for merchants, announced it has obtained
requisite approval from holders of its 9% Senior Secured Non
Convertible Debentures ("Debentures"), in the aggregate principal
amount of $7,759,000 and maturing
December 31, 2025, to defer the
interest due in September 2024 where
the deferred interest shall be paid in three equal instalments
along with the regularly scheduled interest payments due over the
remaining term of the Debentures, and to re-set Debentures
financial covenants for quarter ending June
30, 2024 and September 30,
2024.
About Advantex:
Advantex provides working capital to merchants. Advantex also
provides specialized marketing programs that enable members of
Aeroplan to earn Aeroplan points at participating merchants.
Advantex shares trade on the Canadian Securities Exchange under
the symbol ADX. For more information go to Advantex's profile on
www.sedarplus.com
SOURCE Advantex Marketing International Inc.
Copyright 2024 Canada NewsWire