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Diamond Estates Receives $5.5 Million Term Loan From Lassonde
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Diamond Estates Receives $5.5 Million Term Loan From Lassonde
  • Diamond Estates received a $5.5 million unsecured, non-revolving term loan from Lassonde Industries, subordinated to its secured Bank of Montreal debt.
  • The loan bears interest at Bank of Montreal’s prime rate plus 2.25% annually and matures June 30, 2027.
  • Cash installments of $1.25 million fall due Jan. 29, April 30 and June 30, 2027, or earlier upon corresponding VQA support payments.
  • Remaining principal and accrued interest are payable at maturity; prepayment is permitted without penalty.
  • Proceeds provide working capital for growth, supporting higher inventories, debt repayment and capital spending.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Diamond Estates Wines & Spirits Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202611101745NEWSFILECNPR____20261110_323469_1) on November 10, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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