03:37 PM EST - Xinergy Ltd. : announced today that it has secured a $20-million U.S. financing commitment from affiliates of Bayside Capital Inc. on behalf of various funds under its management, replacing a commitment previously obtained by the Company on July 27, 2012. The financing commitment contemplates a $20-million U.S. first lien senior secured term loan facility that the Company can draw in two tranches of $10 million each, bearing interest at a rate of 9.875% per annum and having a four-year term. Xinergy Ltd.
shares T.XRG are trading up $0.03 at $0.92.
