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BIG ROCK BREWERY INC. ANNOUNCES EXPANSION AND EXTENSION OF SECOND LIEN FINANCING
BIG ROCK BREWERY INC. ANNOUNCES EXPANSION AND EXTENSION OF SECOND LIEN FINANCING Canada...
About this update from Big Rock Brewery Inc.
[{"type":"text","content":"\n\n\n\n BIG ROCK BREWERY INC. ANNOUNCES EXPANSION AND EXTENSION OF SECOND LIEN FINANCING\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n Nov. 20, 2024\n \n\n /CNW/ -\n \n Big Rock Brewery Inc.\n \n (TSX: BR) (\"\n \n Big Rock\n \n \" or the \"\n \n Corporation\n \n \") is pleased to announce the expansion of its second lien financing (the \"\n \n Second Lien Financing\n \n \") with its principal shareholder, VN Capital Fund I, LP (\"\n \n VN Capital\n \n \"), by\n \n $500,000\n \n . In addition, the entire Second Lien Financing has been extended to mature on\n \n March 31, 2025\n \n .\n \n\n\n\n\n\n\n\n\n The expanded financing will enhance Big Rock's financial flexibility as it continues to optimize its operations and pursue its growth objectives in the ready to drink (\"RTD\") market. Capital investments will be prioritized to grow both the capacity and capability within the RTD Category.  The Corporation values the continued support of VN Capital, which underscores their confidence in Big Rock's long-term strategy.\n \n\n Further details regarding the Second Lien Financing can be found in the Corporation's publicly available disclosure documents filed on SEDAR+ at\n \n www.sedarplus.ca\n \n .\n \n\n\n Forward-Looking Information\n \n\n\n Certain statements contained in this press release constitute forward-looking statements. These statements relate to future events or Big Rock's future performance. All statements, other than statements of historical fact, may be forward-looking statements. Forward-looking information are not facts, but only predictions and generally can be identified by the use of statements that include words or phrases such as, \"anticipate\", \"believe\", \"continue\", \"could\", \"estimate\", \"expect\", \"intend\", \"likely\", \"may\", \"project\", \"predict\", \"propose\", \"potential\", \"might\", \"plan\", \"seek\", \"should\", \"targeting\", \"will\", and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may c...