Signature closer to securing loan for growth
Dec 15, 2011 | 01:03 PM
| Suzy Waite
NEW YORK Signature Aluminum Canada Inc. is close to securing a significant asset-based loan from a major Canadian bank to fund company growth, chief executive officer Ted Riddle told AMM.
He declined to provide details about the loan until the paperwork has been finalizedwhich he estimated should be completed in the next few weeksbut noted that the money will go to fund "dramatic" growth plans at the companys fabrication operations, with a focus on the automotive sector.....
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