(PublicWire.com Press Release) — KIAMESHA LAKE, NY, August 29, 2013 -(ACCESSWIRE)- (BRWC). Boreal Water Collection, Inc. is pleased to announce its current lender has accepted an offer from Boreal Water to buy back its commercial loan valued at 2 million dollars for a discounted price of $625,000. After many months of negotiations the lender agreed to write-down 1.375 million dollars. Concurrently Boreal secured a $900,000 asset-based loan with Riverdale Funding, LLC an affiliate of Woodbridge Structured Funding LLC, an LLC from Delaware. Both agreements were signed on August 27th, 2013. Consequently these two transactions will permit Boreal Water to reduce its debt obligation by 1.1 million dollars.
Mrs. Francine Lavoie, President and CEO of Boreal Water enthusiastically stated that these two transactions have significantly improved the company’s balance sheet since it reduces the liabilities by 1.1 million dollars while the assets remain the same.
Mrs. Lavoie stated that this will greatly help Boreal Water to spend more resources on its efforts in developing sales and in expanding its distribution of its high end private label bottled water.
About Boreal Water Collection, Inc
Your brand our experience!Boreal Water Collection is a personalized bottled water corporation, specialized in providing premium custom bottled water for your company and customers. Whether it is for publicity, promotion, marketing, internal use or a specific event, Boreal offers fully integrated turnkey service, with prize-winning Boreal private label water, made-to-order labeling, and distinctive water containers. Unlike other competitors, Boreal also has exclusive access to two pristine and abundant springs, one an award winning source deep in the untouched wilds of Canada and the other in the prestigious Catskill Mountains in New York. With exclusive unlimited exploitation rights, Boreal has a confirmed volume in excess of thousands of millions of gallons.
For more information on Boreal Water Collection, please contact us by email us at email@example.com, firstname.lastname@example.org, or follow us at http://www.borealwater.com/ and on the different social media sites such as www.facebook.com/privatelabelbottledwater and www.linkedin.com/in/borealwater.
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SOURCE: Boreal Water Collection, Inc.