Afton Foods ( AFF ) -Franchise Consolidator Message Board

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Microcap & Penny Stocks : Afton Foods ( AFF ) -Franchise Consolidator

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To: DaveU who wrote (42)	7/24/1999 10:33:00 AM
From: David Michaud	of 60

Afton completes senior debt financing agreement Afton Food Group Ltd AFTN Shares issued 73,818,645 1999-07-22 close $0.1 Thursday Jul 22 1999 Mr. Robert Macdonald reports Afton Food Group has completed a senior debt financing with Rabobank Canada. The facility includes a new long-term loan in the amount of $6.5-million and a line of credit in the amount of $500,000. The company has used the majority of the term loan to retire its previous senior debt. Rabobank Canada, an affiliate of Netherlands-based Rabobank International, is one of only a few AAA rated banks in the world. It specializes in providing financial and advisory services to the food and agricultural sectors. Robert Macdonald, Afton's president stated, "Rabobank's global stature in these markets and their understanding and support for Afton's goals were primary reasons for their selection as our lead banker". Govert Verstralen, senior vice-president of Rabobank Canada stated: "We think Afton is an exciting company. We believe our experience in the food distribution industry can play a contributing role in Afton's future growth".

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