CALGARY, ALBERTA–(Marketwired – Apr 24, 2017) – Canadian Equipment Rentals Corp. (“CERC” or the “Company”) (TSX VENTURE:CFL) is pleased to announce that it has largely completed its restructuring efforts and entered into a Loan and Security Agreement with Maynbridge Capital Inc. (“Maynbridge”).
The corporate restructuring and refinancing is the culmination of over ten months of efforts to eliminate significant costs and inefficiencies in the business and transform the Company from one with multiple business lines, in different industries, operating under a high corporate overhead cost structure, to a lean and focused company operating one business line under a low-cost corporate structure. The Company is now solely focused on the …
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