FP Newspapers Inc. Announces Amendment of Term Loan and Non-Revolving Credit Facility

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Jul 11, 2022

WINNIPEG, MB / ACCESSWIRE / July 11, 2022 / FP Newspapers Inc. ("FPI" or the "Company") (TSXV:FP, Financial) is pleased to announce that FP Canadian Newspapers Limited Partnership ("FPLP") has entered into an amended and restated facility letter (the "Restated Facility Letter") whereby its existing facility letter dated January 21, 2020 with HSBC Bank Canada (the "Original Facility Letter") was amended. In connection with the Restated Facility Letter, HSBC Bank Canada has provided the Company with a credit facility of up to $15,585,000 (the "Credit Facility").