GuestLogix launches sale and investment solicitation process
GuestLogix Inc (TSX: GXI), which earlier in February was granted protection under the Companies' Creditors Arrangement Act, has received court approval to implement a sale and investment solicitation process. The company has also obtained approval for a US$3 million interim facility from its secured lenders. Based in Toronto, GuestLogix is a provider of merchandising, payment, and business intelligence technology to the passenger travel industry. Last June, it closed a credit agreement of up to $9 million with Canadian growth investors Vistara Capital Partners and Beedie Capital Partners.
22 February 2016•6 mins read
