Premier Tech

Premier Tech

April 01, 2009 10:15 ET

Premier Tech Announces an Additional CA$10M Financing Deal to Support its Growth

RIVIERE-DU-LOUP, QUEBEC--(Marketwire - April 1, 2009) - Premier Tech is pleased to announce today that it has put in place a $10 million financing deal with its guaranteed long-term lenders: RoyNat Inc, Farm Credit Canada and Business Development Bank of Canada. This amount brings back the loan balance with its financial partners to $60 million, which is equivalent to the long-term loan that was put in place with them in February 2007. This $10 million financing deal will be invested in the working capital of the company, and will increase its financial flexibility. This amount, combined with the recent $30 million debenture bond loan from the Fonds de solidarite FTQ, allows Premier Tech to benefit from the financial tools required to realize various business acquisitions and development projects.

This global $40 million add-on financing deal is part of the vision and development strategy of the company, which aims to support its long-term growth. The financing will accelerate Premier Tech's initiatives, including the acquisition of various businesses and strategic partnerships - alliances which have been key to the success and growth of the company for the last 45 years.


For over 85 years, Premier Tech has been building its know-how and reputation on the expertise and synergy of its seven business units, gathered in three groups - Horticulture and Agriculture, Industrial Equipment and Environmental Technologies. They have the mission to become technological and commercial leaders in their respective fields of expertise. Buoyed by a multidisciplinary team of over 1 600 people located in America, Europe and Asia, Premier Tech is building on the development of its personnel, on Innovation, and on the introduction of value-added products and services. Its strategic approach is supported by ongoing worldwide market development efforts.

Contact Information

  • Premier Tech
    Lynn Maurais
    Corporate Office Director
    418-867-8883, extension 6336
    418-862-6642 (FAX)