Second Cup Ltd signs deal for $8-million loan following review of strategic options

MISSISSAUGA, Ont. — The Second Cup Ltd. has signed a deal for a four-year, $8-million secured term loan from an affiliate of Serruya Private Equity following a review of its strategic options.

The company says proceeds from the loan will be used to repay its existing $6-million credit facility and for general corporate purposes.

Second Cup had established a special committee to review its strategic options. Such moves often result in a sale or other major transaction.

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