Magellan Announces Extension of Financing and Payment of Preferred Dividends
TORONTO, December 23, 2009 – Magellan Aerospace Corporation (“Magellan” or the “Corporation”) announced today that the independent members of its Board of Directors have approved and Magellan has entered into a commitment letter for the extension of a previous secured subordinated loan in the principal amount of $65 million from Edco Capital Corporation (“Edco”). The […]