Canada's Star Data Is Seeking Capital To Refinance $10 Million In Debt

VENDOR STRATEGIES

Canada's Star Data Systems Inc. is seeking capital to refinance C$10 million (U.S.$8.1 million) in unsecured debentures that mature on Friday of this week. Star Data president and chief executive officer Michael Grenier says the vendor is holding advanced talks with between five and ten interested parties, among them Canadian Imperial Bank of Commerce (CIBC), the bank that holds most of the debt.

Since Star Data's annual revenues have run at about C$17.1 million in the past two years, any par

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: