BreconRidge puts together US$50M financing deal

OTTAWA – BreconRidge Corp. receives US$50 million in loans and equity investments, which it will use for expansion plans at a time when businesses BreconRidge_Main103X22.gifeverywhere are shedding staff and scaling down operations just to survive. The electronics design and manufacturing company renews its credit with CIBC and Export Development Canada, and increases its loan from Roynat Capital and other debt providers. The new financing also sees lead investor EdgeStone Capital Partners return with a further US$11.2-million investment. The company says the debt and equity financing package will give it the “liquidity to finance the company's strong anticipated growth,” which has already taken the company to new markets and sectors like aerospace. BreconRidge currently also works with the communications, industrial, medical and defence sectors.

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