Foster’s Agri-World Ltd. (“Agri-World” or the “Company”) has refinanced senior credit facilities from a Canadian chartered bank and a global vendor finance institution. Three facilities were completed over the course of nine months including a construction loan for the Fairview Supercentre in Fairview, Alberta in September 2019, vendor finance facilities in January 2020, and an increased bank operating facility in April 2020. Agri-World now has access to expanded credit facilities on attractive terms. The size of the credit facilities are undisclosed.
Fort Capital Partners acted as Credit Advisor to Agri-World assisting the Company in financing and re-financing all of its borrowings while improving terms, including: pricing, security requirements, covenants and increased limits.
ABOUT FOSTER’S AGRI-WORLD
Foster’s Agri-World is a division of Foster’s Canada, which has been serving farmers in Alberta since the early 1940’s and today operates through Foster’s Agri-World, Foster’s Seed & Feed, Foster’s Auto Parts and Kubota Country. Foster’s Agri-World offers new and used agriculture equipment and provides farmers with parts and service for the industry’s leading brands, with locations in Beaverlodge and Fairview, Alberta.