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Alliance Grain to repay credit facilities via note offering proceeds
By Tali David
Minneapolis, Jan. 30 - Alliance Grain Traders Inc. plans to use the proceeds from its C$125 million senior note offering to repay debt under some existing credit facilities, according to a news release.
The debt to be repaid includes some revolving credit debt that will be available for future reborrowings that may be used for general corporate purposes.
Alliance Grain is a Regina, Sask.-based pulse, staple food and ingredient processor.
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