Trading symbol: BUI
WINNIPEG, July 22, 2013 /CNW/ - Buhler Industries Inc. (Buhler Industries) is pleased to announce today a new $20M line of credit agreement with Export Development Canada (EDC). The financing is in addition to the $60M line of credit with the Bank of Montreal and the $7.5M line of credit with CIBC. The Company will use the EDC line to support its sales growth of Versatile tractors to its overseas customers. Under the terms and conditions of the agreement, the Company may take advantage of the credit facility and drawdown funds depending on its financial position.
About Buhler Industries
Buhler Industries is headquartered in Winnipeg, Manitoba, Canada and is a publically traded Company on the TSX (TSX: BUI). The Company manufactures and distributes its product through several brand names including Versatile and Farm King. The Versatile line of equipment consists of tractors, sprayers, combines, tillage and air seeders. Farm King supplies augers, mowers, bale carriers, snowblowers, compact implements, sprayers, tillage and front end loaders. The Company has manufacturing facilities and warehouses in both Canada and the United States.
SOURCE: Buhler Industries Inc.
For further information:
Contact: Willy Janzen, Chief Financial Officer
Phone: (204) 654-5718