POOL SAFE CONCLUDES SIGNIFICANTLY INCREASED LINE OF CREDIT AT A LOWER INTEREST RATE AND EXTENDED TERM IN ADDITION TO A NON-BROKERED DEBENTURE FINANCING

TORONTO, ON, July 13, 2022 – Pool Safe Inc. (“Pool Safe” or the “Company”) (TSXV: POOL) is pleased to announce it has concluded an agreement (the “Amendment”) with Intrexa Ltd. (the “Lender”), to amend the parties’ credit agreement (the “Credit Agreement”), by increasing the line of credit (the “Credit Facility”) to $3.5 million from the current $1 million. The Agreement is at a decreased interest rate of 8% annually from 10% and includes a multi-year term extension. The Credit Agreement, previously announced on April 2, 2019, enabled the Company to access its working capital needs, allowing it to accelerate growth of the Pool Safe product (“PoolSafe Product”).…

READ MORE

 

Scroll to Top