Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Bri-Chem renews $25M credit facility with CIBC, aligning debt with business needs until April 2027

Company Fundamentals
05 May 2026
Newsfile Corp
View Source
Bullish
pluang ai news

Bri-Chem Corp. has renewed its senior credit facility with the Canadian Imperial Bank of Commerce (CIBC) for $25 million, effective until April 30, 2027. The borrowing base was reduced from $37.5 million to $25 million to better match the company's current financial needs and reduce fees. The facility carries interest rates tied to the Canadian prime rate or alternative benchmarks, with security over inventory and receivables. This renewal supports Bri-Chem's ongoing operations and capital efficiency in the oilfield chemical distribution sector.

More News

ISS wins 7-year contract to provide 25,000 daily school meals in West Sussex, UK

ISS wins 7-year contract to provide 25,000 daily school meals in West Sussex, UK

ISS has secured a seven-year contract with West Sussex County Council to deliver around 25,000 nutritious school meals daily to primary schools starting Q3 2026. The contract, valued at about DKK 100 million annually, emphasizes inclusivity and high ...

Market News
Bullish
1 hour ago
Roche launches Liver Disease Panel, a certified algorithm suite for early chronic liver disease detection and management.

Roche launches Liver Disease Panel, a certified algorithm suite for early chronic liver disease detection and management.

Roche has introduced the Liver Disease Panel, the first comprehensive set of certified algorithms designed to improve the detection and management of chronic liver disease (CLD). This panel includes LiverPRO, an algorithm that uses routine blood mark...

Others
Bullish
1 hour ago
TGS wins major 4D streamer contract offshore Angola, starting July 2026 for 8 months.

TGS wins major 4D streamer contract offshore Angola, starting July 2026 for 8 months.

TGS ASA has secured a large 4D streamer contract offshore Angola, set to begin data acquisition in early July 2026 and last about eight months. This contract strengthens TGS's strategic presence in Africa and ensures vessel utilization into early 202...

Market News
Bullish
1 hour ago
argenx to present at major investor conferences in June, highlighting growth and new treatments.

argenx to present at major investor conferences in June, highlighting growth and new treatments.

argenx, a global immunology company focused on autoimmune diseases, announced its management team will present at two key investor conferences in June: the William Blair 46th Annual Growth Stock Conference and the Goldman Sachs 47th Annual Global Hea...

Market News
Bullish
1 hour ago
Capgemini targets 5.5-7.5% annual revenue growth by 2028, driven by AI transformation services.

Capgemini targets 5.5-7.5% annual revenue growth by 2028, driven by AI transformation services.

Capgemini unveiled its 2028 strategic plan focusing on leveraging AI agent technology to drive business transformation for large enterprises. The company aims for a 5.5% to 7.5% annual revenue growth from 2025 to 2028, with about 2 points from merger...

Market News
Bullish
1 hour ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App