Lumine Group Secures $310M for Growth Strategy

Lumine Group Inc (TSE:LMN) has released an update.

Lumine Group Inc. has secured a substantial US$310 million debt facility, backed by a syndicate of North American banks, to bolster its acquisition strategy and operational finances. This new credit line, with a potential expansion of US$50 million, is anchored against the assets of select subsidiaries and will mature in March 2027. The interest rate is tied to benchmark rates and will fluctuate depending on the company’s leverage ratio.

For further insights into TSE:LMN stock, check out TipRanks’ Stock Analysis page.