SOL Global reduces credit facility outstanding balance to C$30 million

By Rebecca Melvin

Concord, N.H., Feb. 8 – SOL Global Investments Corp. has repaid an additional C$2.5 million toward its C$50 million credit facility with an arm’s length lender, reducing the principal amount of the credit facility to C$30 million, according to a company press release.

SOL Global said it intends to continue making principal payments towards the credit facility on a regular basis.

The Toronto-based investment and private equity holding company also announced that the director of the company Alex Spiro has stepped down from his role effective on Tuesday.

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