Real Estate — June 18, 2012
Park Lawn Corporation Announces Long Term Debt RefinancingTORONTO, ONTARIO--(Marketwire - June 18, 2012) - Park Lawn Corporation ("Park Lawn") (TSX VENTURE:PLC) announced today that it has secured refinancing from the Bank of Nova Scotia to meet its corporate purposes. The loan restructures current debt of approximately $4 million with a term loan of $6 million for up to five years. In addition, the arrangement includes a revolving line of credit of $11 million for total lending credit of $17 million.
Park Lawn Corporation indirectly holds six cemeteries in the Greater Toronto Area, Services Memorables Harmonia Inc. based in Quebec City and an interest in Bloorpark Developments Inc. (www.parklawnlp.ca).
Contact Information
Park Lawn Corporation
Frank Mills
Chief Executive Officer
416-231-1462
www.parklawnlp.ca
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