Business
Canadian Equipment Rental Fund Limited Partnership graduates to Tier 1 status and increases credit facility
Canadian Equipment Rental Fund Limited Partnership graduates to Tier 1 status and increases credit facility.
About this update from Zedcor Inc
[{"type":"text","content":"\n\n\n\nTSX Venture Symbol: CFL.UN\n\n\nCALGARY, April 20 /CNW/ - Canadian Equipment Rental Fund Limited\nPartnership ("CERF LP" or the "Partnership") is pleased to announce that,\neffective immediately, it has graduated from Tier 2 to Tier 1 status on the\nTSX Venture Exchange.\n\n\nIn the words of the TSX Venture Exchange, "Tier 1 is the Exchange's\npremier tier and is reserved for the Exchange's most advanced Issuers with the\nmost significant financial resources. Tier 1 Issuers benefit from decreased\nfiling requirements and improved service standards." CERF LP is pleased to\nhave its efforts recognized in this way in less than two years since listing\nas a publicly traded partnership.\n\n\nCERF LP is also pleased to announce that it has been approved for an\nincrease in its total credit facility in various forms by the CIBC from\n$4,473,000 to $8,473,000 as a result of the Partnership's strong financial\nperformance over the past year. The increased credit facilities will enable\nthe Partnership to continue to grow the rental fleet with new equipment and\nservices to meet our customers' ongoing rental and sales demands.\n\n\nCERF LP is an Alberta limited partnership engaged in the rental, sale and\nservice of industrial and construction equipment. CERF LP trades on the TSX\nVenture Exchange under the symbol "CFL.UN".\n\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\n\n\nor accuracy of this release.\n\n\n%SEDAR: 00022335E\n\n\n","length":1580,"tagName":"div"}]