Tellza Increases Its Senior Credit Facility to $6.5 Million
TORONTO, ONTARIO–(Marketwired – Oct. 30, 2015) – Tellza Communications Inc. (TSX:TEL) announced today that its senior lender has agreed to increase its credit facility to $6.5 Million from $5.0 Million. The senior lender will continue to have a first ranking security position over all of the assets of the Company and its subsidiary.
“We have enjoyed a long-standing commercial relationship with our bank, and we are pleased to have a strong financial partner that understands and supports our business plan and growth strategy,” said Mike Vazquez, Chief Executive Officer of Tellza.
The Tellza Group is focused on Telecommunications, Technology and Investments. Tellza is a public company listed on the Toronto Stock Exchange (TEL).
Caution Regarding Forward Looking Information:
This press release contains forward-looking statements, which may be identified by words like “expects”, “anticipates”, “plans”, “intends”, “indicates” or similar expressions. These statements are not a guarantee of future performance and are inherently subject to risks and uncertainties. Tellza’s actual results could differ materially from those currently anticipated due to a number of factors set forth in reports and other documents filed by the Company with Canadian securities regulatory authorities from time to time. See www.sedar.com which contains all securities files.
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