TORONTO, Dec. 22, 2017 (GLOBE NEWSWIRE) — Advantex Marketing International Inc. (CSE:ADX) (Advantex or the Company), a leading specialist in the marketing services industry, today announced it has completed a financial restructuring (the Restructuring), including a refinancing (the Refinancing) of its outstanding senior secured non-convertible debentures with a maturity date of December 31, 2017 (collectively, the Existing Debentures).
The Restructuring will have a positive impact on the Company because it will provide access to additional working capital for use in transition to the next phase of recovery of the Companys core business, during which it expects a gradual but sustained growth in its CIBC/TD program merchant base and…
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