TerraPro reorganizes with sub-debt financing from BDC
Sherwood Park, Alberta-based TerraPro Inc has reorganized its business under the same management team and a reconstituted board of directors. TerraPro secured funding as part of the transaction, including subordinated debt from the Business Development Bank of Canada (BDC). No financial terms were released. The proceeds of the funding will be used to repay obligations to a previous lender, deal costs, and other priorities, the company said. TerraPro is a provider of terrain protection and environmental products, equipment and services to a variety of industries in Canada and abroad.
26 April 2016•3 mins read
