Crown amends Petrowest debt deal, provides $12 mln bridge loan
Canadian specialty finance firm Crown Capital Partners has amended its $15 million term loan agreement with Petrowest Corp (TSX: PRW), a Calgary infrastructure company. Additionally, Crown said it will provide Petrowest with a new $12 million bridge loan to enhance its financial flexibility while the company pursues a non-core asset disposition program. The two deals increased Crown's equity ownership. Founded in 2006, Petrowest is focused on industrial and civil infrastructure projects, gravel crushing and hauling, as well as pre-drilling and post-completion energy services.
23 May 2017•2 mins read
