debt
confidence high
sentiment neutral
materiality 0.55
SusGlobal Energy increases mortgage by C$1.9M to C$5.2M, extends maturity to Sep 2022
SusGlobal Energy Corp.
- Mortgage increased by C$1,900,000 (USD $1,532,920) to total C$5,200,000 (USD $4,195,360).
- Maturity extended to September 1, 2022; interest rate is higher of RBC prime + 6.05% (currently 8.5%) or 10%.
- Company guarantor under guarantee dated August 13, 2021; mortgage secured by subsidiary shares and land.
- Proceeds to fund another acquisition (not yet identified).