Signature secures $15M loan to fund growth

Apr 23, 2012 | 09:33 AM | Suzy Waite

Tags  Signature Aluminum Canada, Ted Riddle, extruder, billet caster, Apolo Tool & Die, Suzy Waite

NEW YORK — Signature Aluminum Canada Inc. has received an asset-based loan from Canadian Imperial Bank of Commerce to help fund growth plans, chief executive officer Ted Riddle told AMM.

The $15-million revolving credit facility will give the extruder and billet caster access to direct cash advances for both working capital and expansion efforts at its Pickering, Ontario, facility, as well as its fabrication subsidiary, Apolo Tool & Die....

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