SOL Global repays C$2.5 million toward C$50 million credit facility

By Mary-Katherine Stinson

Lexington, Ky., Dec. 13 – SOL Global Investments Corp. said it has repaid an additional C$2.5 million on its C$50 million credit facility with an arm’s length lender on Monday.

After the repayment, the outstanding amount of the facility is C$42.5 million.

The credit facility was obtained to partially fund the acquisition of a non-convertible debenture pursuant to a settlement in a previously disclosed dispute, according to a press release.

SOL Global intends to continue making principal payments on the facility on a regular basis.

The investment company is based in Toronto.

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