BreconRidge Corporation Announces
New Credit Facility
Ottawa, Feb 2, 2010 - BreconRidge Corporation,
a world class provider of design and manufacturing services
for electronic products in the communications, industrial,
medical, aerospace and defense markets, is pleased to announce
the closing of a new credit facility with PNC Bank Canada
Branch, PNC Business Credit's operation in Canada.
The financing includes a new and enhanced credit facility
with PNC, including a US$22.5 million line of credit. This
enhanced asset based credit facility will provide BreconRidge
with additional capital and liquidity to support the Company's
continuing strong growth.
"We are extremely pleased with the show of support from PNC,
as well as from EdgeStone Capital Partners our lead investor,"
said Cyril McKelvie, BreconRidge's President & CEO. "This
financing is recognition that we have been executing well
on our new business plan, designing and manufacturing the
most technically challenging products in the communications,
industrial, medical, aerospace and defense market sectors,
providing the highest levels of quality and customer service
cost competitively, and winning important new customers."
About BreconRidge
BreconRidge is a world class provider of innovative design
and manufacturing services for electronic products. With
facilities located in North America and Asia, BreconRidge
collaborates in the development and manufacture of products
for the world's leading communications, medical, industrial,
aerospace and defense OEMs (original equipment manufacturers).
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