Business
GENIVAR amends its credit facilities
MONTREAL, May 23 /CNW Telbec/ - GENIVAR Income Fund is pleased to announce that it has successful...
About this update from Wsp Global Inc
[{"type":"text","content":"\n\n\n\nMONTREAL, May 23 /CNW Telbec/ - GENIVAR Income Fund is pleased to\nannounce that it has successfully completed an amendment to its credit\nfacilities (the "Facility"). This amendment provides for, among other things:\n\n\n- the increase of the operating line from Cdn. $55,000,000 to\n Cdn. $80,000,000;\n\n- greater flexibility regarding the incurrence of capital expenditures;\n and\n\n- greater flexibility with respect to the consummation of acquisitions by\n GENIVAR.\n\n\nAbout GENIVAR\n\n\nGENIVAR is a leading Canadian engineering services firm providing private\nand public sector clients with a full range of professional consulting\nservices through all execution phases of a project including planning, design,\nconstruction and maintenance. Its clients, which are of varying sizes, fall\ninto various market segments such as building, industrial and power, urban\ninfrastructure, transportation and environment. GENIVAR is one of the largest\nengineering services firm in Canada in terms of number of employees with\napproximately 2,800 managers, professionals, technicians and technologists and\nsupport staff in over 60 offices in Canada and abroad.\n\n\n","length":1261,"tagName":"div"}]