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Discovery Air announces new, committed operating facility

from Stockhouse

Discovery Air announced that it has secured a new, committed operating facility with the Canadian Imperial Bank of Commerce. The new facility has a limit of up to $25 million (depending on whether advances are made during or outside of Discovery Air's peak operating period and on the value of eligible receivables and inventory) and may be used for working capital and general corporate purposes. The new facility replaces Discovery Air's demand operating facility with Callidus Capital Corporation. more

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