Arctic Glacier refinances senior secured notes with $185 million loan

By Lisa Kerner

Charlotte, N.C., Feb. 11 - Arctic Glacier Income Fund subsidiary Arctic Glacier Inc. refinanced its senior secured notes using a $185 million second-lien secured loan that matures on Feb. 9, 2014.

Proceeds of the new loan were used to repay the notes and were also applied toward the company's revolving term credit facility.

Arctic Glacier is a Winnipeg, Manitoba-based producer, marketer and distributor of packaged ice.

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