Inactive Instrument

Dealnet Capital Corp.

Equities

DLS

CA2423151091

Dealnet Capital Corp. Obtains $6.25 Million Term Loan with Schedule 1 Bank

May 21, 2020 at 05:00 pm EDT

Dealnet Capital Corp. announced that it has executed a binding commitment letter for a $6.25 million, 12-month term loan with a Schedule 1 Bank in partnership with the Export Development Corporation. This loan bears interest at bank’s prime rate + 4%, with an annual guarantee fee of 1.8% and is secured by a first ranking general security agreement over EcoHome. The Company can request a 12-month extension which can be granted at the discretion of the Bank. INFOR Financial Inc. acted as the financial advisor to the Company in connection with the term loan.

Latest news about Dealnet Capital Corp.

Dealnet Capital Corp.(TSXV:DLS) dropped from S&P/TSX Venture Composite Index	20-10-30	CI
Simply Green Home Services Inc. completed the acquisition of Dealnet Capital Corp. from a group of shareholders.	20-10-25	CI
Dealnet Capital Corp Provides Information to the Shareholders	20-10-19	CI
Simply Green Home Services Inc. entered into an agreement to acquire Dealnet Capital Corp. from a group of shareholders for CAD 45.4 million.	20-08-23	CI
Dealnet Capital Corp. Reports Earnings Results for the Second Quarter Ended June 30, 2020	20-08-14	CI
Transcript : Dealnet Capital Corp., Q2 2020 Earnings Call, Aug 14, 2020	20-08-13
Steven Small Warns that Dealnet Capital Continues to Mislead	20-07-15	CI
Dealnet Capital Urges Steven Small to Stop Misleading Shareholders	20-07-13	CI
Dealnet Capital Corp. Announces Head Office Move	20-07-09	CI
Steven Small Discloses his Views on Dealnet Capital	20-07-09	CI
Dealnet Capital Provides Information to Shareholders	20-05-22	CI
Dealnet Capital Corp. Reports Earnings Results for the First Quarter Ended March 31, 2020	20-05-21	CI
Dealnet Capital Corp. Obtains $6.25 Million Term Loan with Schedule 1 Bank	20-05-21	CI
Dealnet Capital Corp. Announces Repayment of Credit Facility with Chesswood	20-05-11	CI
Dealnet Capital Receives Meeting Requisition Materials from Steven Small	20-05-04	CI
Dealnet Capital Corp. Reports Earnings Results for the Full Year Ended December 31, 2019	20-04-03	CI
Dealnet Capital Corp. Auditor Raises 'Going Concern' Doubt	20-04-02	CI
Dealnet Capital Corp. Announces over 100 New Positions at One Contact	20-03-02	CI
Dealnet Capital Corp. Announces the Launch of Credit and Debit Card Processing Arrangement for the Dealers of EcoHome Financial	20-02-24	CI
Dealnet Capital Corp. Reports Earnings Results for the Third Quarter Ended September 30, 2019	19-11-07	CI
Dealnet Capital Corp. Renews Existing Senior Funding Facility with Major Canadian Schedule 1 Bank	19-10-16	CI
Dealnet Capital Corp. Has Hires Mario Bernardi, the Recently Retired Executive Director of A Co-Operative of 35 Independent Heating, Ventilation and Air Conditioning Contractors Across Ontario	19-09-18	CI
Dealnet Capital Corp. Reports Earnings Results for the Second Quarter Ended June 30, 2019	19-08-12	CI
Dealnet Capital Corp. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2019	19-05-21	CI
Dealnet Capital Corp. Reports Earnings Results for the Year Ended December 31, 2018	19-03-25	CI

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Company Profile

DealNet Capital Corp. is a specialty finance company. The Company is focused on the origination and servicing of consumer loans and leases within the Canadian home improvement sector. The Company operates through three segments: Live Engagement, Mobile Engagement services and Consumer Financing. The Live Engagement segment operates in Canada and the United States providing outsourced services, such as inbound customer service programs, outbound customer acquisition services, data entry and transcription services, and back office services. The Mobile Engagement services segment operates in Canada and the United States providing end to end mobile marketing solutions allowing businesses to interact directly with mobile subscribers. The Consumer Financing segment operates solely in Canada and provides consumer financing solutions to a network of consumer heating, ventilation and air conditioning (HVAC) dealers.

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