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


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

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