Oct 07, 2015. /Lesprom Network/. Supremex Inc. entered into a 5-year committed $50 million senior secured revolving facility agreement with Bank of Montreal (the "Facility"). This Facility replaces Supremex' existing three-year $15 million facility and $25 million non-revolving term loan and expands its borrowing flexibility with slightly improved rates, as the company says in the press release received by Lesprom Network. 

"Combined with existing cash balance and cash flow from operations, this Facility provides significant financial flexibility to execute our growth strategy. As we look to grow steadily in key geographical markets and expand our value-added offerings, we remain focused on maintaining our financial discipline, operational efficiency and optimize capital allocation to maximize shareholder returns," said Benoît Crowe, Vice-President, Finance of Supremex.

The 5-year senior secured revolving facility has no scheduled principal repayments prior to maturity and the facility contains customary representations, warranties and covenants.

Supremex Inc. is Canada's largest manufacturer and marketer of a broad range of stock and custom envelopes and growing provider of packaging and speciality products.