IBC Advanced Alloys Amends Existing Term Loan

IBC Advanced Alloys Corp. has announced an amendment to its existing term loan with Loeb Term Solutions LLC. The amendment refinances the remaining US$916,000 of the term loan, increasing the total available amount to US$1,370,268. Additionally, the maturity date of the loan is extended by three years from the amendment date.

After covering specific fees and expenses, IBC expects to have around US$424,000 available for working capital, potentially aiding in the company's operational liquidity. The amendment still requires approval from the TSX Venture Exchange.

The company reassures that all other terms of the original loan agreement remain unchanged. The announcement reflects IBC's ongoing financial management initiatives in sustaining and supporting its business operations.