Zedcor completes sale of rentals segment assets
On June 30, 2021, Zedcor Inc. ("Zedcor") announce that further to its press release dated May 27, 2021, it has completed the sale of its Rentals Segment assets to Maynbridge Capital Inc ("Maynbridge") for gross cash proceeds from the transaction were C$11.3 million.
Cash proceeds from the sale will be applied against Zedcor's indebtedness to Maynbridge. As a result of the transaction, Zedcor's outstanding debt to Maynbridge, excluding amounts drawn on the operating line of credit, is below C$5 million.
Further information can be found on Newfile’s website.
Zedcor is a Canadian public corporation and the parent company to Zedcor Security Solutions Corp. Zedcor Security is engaged in the providing security & surveillance services throughout Canada. With its state-of-the-art 24/7 live, verified monitoring center located in Western Canada, the company is able to provide cutting edge, technology-based security solutions to its customers across all industry segments.
Maynbridge Capital offers financial products ranging across the risk spectrum, designed to appeal to companies in all stages of the business life cycle from high growth to distressed.