23 February 2009 07:10 [Source: ICIS news]
SINGAPORE (ICIS news)--NOVA Chemicals has secured $150m (€117m) in new financing through a revolving credit facility with Export Development Canada (EDC) and a syndicate of three Canadian banks, the company said in a statement on Monday.
NOVA did not identify any of the three Canadian banks.
"This is a very big step toward ensuring NOVA Chemicals' financial position remains solid through this challenging period. We are particularly pleased to add EDC as a new lender to our financing mix," said Larry MacDonald, chief financial officer of NOVA.
($1 = €0.78)
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