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Martello Closes National Bank of Canada Financing
Martello Closes National Bank of Canada Financing Canada NewsWire OTTAWA, June 1...
About this update from Martello Technologies Group, Inc.
[{"type":"text","content":"\n\n\n\nMartello Closes National Bank of Canada Financing\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\nCanada NewsWire\nOTTAWA, June 1, 2020\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./\n OTTAWA, June 1, 2020 /CNW/ - Martello Technologies Group Inc., (\"Martello\" or the \"Company\") (TSXV: MTLO), a provider of digital experience monitoring (DEM) solutions today announced that it has closed a previously announced secured revolving credit facility (the \"Revolving Facility\") from National Bank of Canada (\"National Bank\") for up to CDN$7.5MM, pursuant to a credit agreement dated April 27, 2020. \n\n \n \n \n \n \n \n\n \nThe revolving facility is currently undrawn, and is available to Martello to draw upon from time to time to finance its day to day operations. It is comprised of a demand revolving line of credit and other ancillary facilities. Details of this revolving facility are available in the press release dated April 28, 2020. \nAbout Martello Technologies Group\nMartello Technologies Group Inc. (TSXV: MTLO) is a technology company that provides digital experience monitoring (DEM) solutions. The company develops products and solutions that provide monitoring and analytics on the performance of real-time applications on networks, while giving IT teams and service providers control and visibility of their entire IT infrastructure. Martello's products include unified communications performance analytics software, and IT analytics software. Martello Technologies Group is a public company headquartered in Ottawa, Canada with offices in Montreal, Amsterdam, Paris, Dallas and New York. Learn more at http://www.martellotech.com\nThis press release does not constitute an offer of the securities of the Company for sale in the United States. The securities of the Company have not been registered under the United States Securities Act of 1933, (the \"1933 Act\") as amended, and may not be offered or sold wi...