Brief: Accord Financial And Concentra Bank Announce Strategic Alliance And Private Placement Of Convertible Unsecured Subordinated Debentures
16/09/2019 14:19
Sept 16 (Reuters) - Accord Financial Corp ACD.TO :
* ACCORD FINANCIAL CORP. AND CONCENTRA BANK ANNOUNCE
STRATEGIC
ALLIANCE AND PRIVATE PLACEMENT OF CONVERTIBLE UNSECURED
SUBORDINATED DEBENTURES
* ACCORD FINANCIAL - FORMATION OF A STRATEGIC ALLIANCE AND A
$5
MILLION PRIVATE PLACEMENT OF CONVERTIBLE UNSECURED SUBORDINATED
DEBENTURES
* ACCORD FINANCIAL - WILL USE NET PROCEEDS OF PRIVATE
PLACEMENT OF
DEBENTURES TO REPAY PORTION OF BANK INDEBTEDNESS
* ACCORD FINANCIAL CORP - STRATEGIC ALLIANCE EXPECTED TO BE
FORMALIZED BY SEPTEMBER 30
Source text for Eikon: ID:nCNW42Zvfa
Further company coverage: ACD.TO
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Accord Financial
See all newsCanada's Accord Financial Q1 revenue falls after U.S. exit
Brief: Accord Announces Amendment To Its Banking Facility
Brief: Accord Financial Corp - Extends Maturity Date Of Credit Facility To Feb 2026
Brief: Accord Financial Gets Short-Term Credit Facility Extension
Accord Financial Q3 loss widens due to credit loss provisions