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SHOPPERS DRUG MART CORPORATION ANNOUNCES CLOSING OF A 4 YEAR $750 MILLION REVOLVING TERM CREDIT FACILITY
SHOPPERS DRUG MART CORPORATION ANNOUNCES CLOSING OF A 4 YEAR $750 MILLION REVOLVING TERM CREDIT F...
About this update from Serrano Resources Ltd.
[{"type":"text","content":"\n\n\n\n Dec. 10, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO, Dec. 10 /CNW/ - Shoppers Drug Mart Corporation (TSX: SC) today\n announced that it has closed a $750 million revolving term credit\n facility with a syndicate of banks. This new credit facility, which\n matures December 10, 2014, replaces the Company's previously existing\n $800 million revolving term credit facility that was to mature on June\n 6, 2011.  Accordingly, the consolidated net debt position of the\n Company remains substantially unchanged. The new credit facility is\n available for general corporate purposes, including backstopping the\n Company's $500 million commercial paper program. \n\n\nAbout Shoppers Drug Mart Corporation\n\n\nShoppers Drug Mart Corporation is one of the most recognized and trusted\n names in Canadian retailing.  The Company is the licensor of\n full-service retail drug stores operating under the name Shoppers Drug\n Mart (Pharmaprix in Québec). With more than 1,181 Shoppers Drug Mart\n and Pharmaprix stores operating in prime locations in each province and\n two territories, the Company is one of the most convenient retailers in\n Canada. The Company also licenses or owns more than 58 medical clinic\n pharmacies operating under the name Shoppers Simply Pharmacy\n (Pharmaprix Simplement Santé in Québec) and eight luxury beauty\n destinations operating as Murale.  As well, the Company also owns and\n operates 63 Shop...