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Armtec Infrastructure Inc. Announces James R. Newell Resigns as Chief Financial Officer
January 30, 2012
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Guelph, Ontario, January 30, 2012 - Armtec Infrastructure Inc. (TSX: ARF and ARF.DB) ("Armtec" or the "Company") today announced that James R. Newell has resigned as Chief Financial Officer of the Company effective immediately in order to pursue another interest. The Board of Directors wishes Mr. Newell every success in his future endea...
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Armtec Awarded Contract to Supply Precast Components to Rio Tinto Alcan's Kitimat Modernization Project
December 21, 2011
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GUELPH, ONTARIO, December 21, 2011 - Armtec Infrastructure Inc. ("Armtec") (TSX: ARF and ARF.DB) today announced it has been awarded a contract, valued at approximately $32 million, with Bechtel Canada Co., who is acting as the agent for Rio Tinto Alcan, to supply precast components for the Kitimat Modernization Project. Manufacturin...
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Armtec Secures over $30 Million of Rail Infrastructure Design and Manufacturing Projects in the Greater Toronto Area
December 20, 2011
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GUELPH, ONTARIO, December 20, 2011 - Armtec Infrastructure Inc. ("Armtec") (TSX: ARF and ARF.DB) today announced it has secured a number of rail infrastructure projects, valued at over $30 million, within the Greater Toronto Area. These projects were anticipated as part of the previously announced $50 million in new contracts that are e...
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Central Region; Award Winning Projects
December 15, 2011
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Central Region's Engineered Solutions is very proud to announce on November 30th at the Construct Canada Show we were awarded three 2011 Ontario Concrete Awards in the following categories:
MATERIAL DEVELOPMENT & INNOVATION
Precast Concrete
for outstanding work on the
TORONTO PEARSON INTERNATIONAL...
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Armtec Infrastructure Inc. Reports Rating Change
December 6, 2011
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GUELPH, ONTARIO, December 6, 2011 - Armtec Infrastructure Inc. ("Armtec") (TSX: ARF and ARF.DB) today reported that Standard & Poor's Rating Services has announced that it has changed its long-term corporate credit rating issued for Armtec Holdings Limited, a wholly owned subsidiary of Armtec, to "B" from "B+". Standard & Poor's further...
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Armtec Infrastructure Inc. Reports Third Quarter Results
November 14, 2011
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GUELPH, ONTARIO, November 14, 2011 - Armtec Infrastructure Inc. ("Armtec" or "the Company") (TSX: ARF and ARF.DB) today reported financial results for the third quarter and nine months ended September 30, 2011 and its Turnaround Plan.
Third Quarter Highlights:
Revenue was $143.4 million during the third q...
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Armtec Infrastructure Inc. to Hold Third Quarter 2011 Conference Call and Webcast
November 1, 2011
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GUELPH, ONTARIO, November 1, 2011 - Armtec Infrastructure Inc. (TSX: ARF and ARF.DB) ("Armtec") today announced it will hold a conference call and live audio webcast on Tuesday, November 15, 2011 at 10:00 a.m. (ET) to discuss Armtec's third quarter results.
A news release announcing Armtec's results ...
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Armtec Infrastructure Announces Mark Anderson Assumes Position as President and Chief Executive Officer
October 23, 2011
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Guelph, Ontario, October 23, 2011 - Armtec Infrastructure Inc. (TSX: ARF and ARF.DB) ("Armtec" or the "Company") announces that Charles Phillips has resigned as both President and Chief Executive Officer and a Director of the Company in order to pursue other interests. The Board of Directors wishes to recognize the many years of dedicatio...
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Armtec Infrastructure Awarded Long-term Contract to Supply Infrastructure Products to BC Hydro
October 6, 2011
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Guelph, Ontario, October 6, 2011 - Armtec Infrastructure Inc. ("Armtec" or the "Company") (TSX: ARF and ARF.DB) today announced it has been awarded an exclusive long-term contract to supply utility vaults and associated products related to precast underground infrastructure for British Columbia Hydro and Power Authority ("BC Hydro"). The ...
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Armtec Infrastructure Inc. Completed Refinancing
August 19, 2011
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Guelph, Ontario, August 19, 2011 - Armtec Infrastructure Inc. (TSX:ARF)(TSX:ARF.DB) announced today that its operating subsidiary, Armtec Holdings Limited ("Armtec" or the "Company"), has completed a refinancing of its existing senior bank facility. Pursuant to the refinancing, Armtec has borrowed $125 million under a senior secured loan ...
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Armtec Infrastructure Inc. Has Access to $125 Million Brookfield Financing
August 17, 2011
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Guelph, Ontario, August 17, 2011 - Armtec Infrastructure Inc. ("Armtec" or the "Company") (TSX: ARF and ARF.DB) announced today that a Brookfield Asset Management Inc. company has advised Armtec that it has completed certain additional due diligence matters for the loan agreement announced on August 2, 2011 (the "Loan Agreement"). As a re...
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Armtec Infrastructure Inc. Reports Results for the Second Quarter 2011
August 9, 2011
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GUELPH, ONTARIO, August 9, 2011 - Armtec Infrastructure Inc. (the "Company" or "Armtec") (TSX: ARF) today reported financial results for the second quarter and six months ended June 30, 2011.
Highlights:
Revenues of $123.3 million for the quarter, a decrease of 3.9% or $5.0 million over 2010. Continued soft...
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Armtec Infrastructure Inc. enters into Loan Agreement and Warrant Agreement with Brookfield
August 2, 2011
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Guelph, Ontario, August 2, 2011 - Armtec Infrastructure Inc. ("Armtec" or the "Company") (TSX: ARF and ARF.DB) today announced that, following receipt of conditional listing approval from the TSX, it has entered into a Loan Agreement and Warrant Agreement with a Brookfield Asset Management company in connection with the $125 million credi...
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Armtec Infrastructure Inc. enters into Amending Agreement under Existing Senior Credit Facilities and Reports on Goodwill Impairment and Amendment to Lawsuit
July 29, 2011
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Guelph, Ontario, July 29, 2011 - Armtec Infrastructure Inc. ("Armtec" or the "Company") (TSX: ARF and ARF.DB) today announced that it has entered into an amending agreement with the lenders under its existing senior credit facilities which waives compliance with the Company's financial covenants at July 31, 2011, with the covenants next b...
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Armtec Infrastructure Inc. to Hold Second Quarter 2011 Conference Call and Webcast
July 27, 2011
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GUELPH, ONTARIO, July 27, 2011 - Armtec Infrastructure Inc. (TSX: ARF and ARF.DB) ("Armtec") today announced it will hold a conference call and live audio webcast on Wednesday, August 10, 2011 at 10:00 a.m. (ET) to discuss Armtec's second quarter results.
A news release announcing Armtec's results will be issued prior to th...
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Armtec Infrastructure Inc. - Revised Lending Limits under Existing Senior Credit Facilities
July 16, 2011
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Guelph, Ontario, July 16, 2011 - Armtec Infrastructure Inc. ("Armtec" or the "Company") (TSX: ARF; ARF.DB) today announced that the lenders under its existing senior credit facility have agreed to the revised limits on the amounts to be drawn on the revolving portion of that facility. As previously announced on June 30, 2011, the le...
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Armtec Infrastructure Inc. Aware of Potential Lawsuit
July 8, 2011
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Guelph, Ontario, July 8, 2011 - Armtec Infrastructure Inc. ("Armtec" or the "Company") (TSX: ARF and ARF.DB) today announced that it is aware of a proposed class action lawsuit against Armtec in the Ontario Superior Court of Justice in addition to the one announced on June 17, 2011. The proposed $70 million class action seeks to represent...
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Armtec Infrastructure Inc. Enters into a Committed Financing with Brookfield
July 3, 2011
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Guelph, Ontario, July 3, 2011 - Armtec Infrastructure Inc. ("Armtec" or the "Company") (TSX: ARF; ARF.DB) today announced that it has entered into a committed financing with a Brookfield Asset Management Inc. company to provide a $125 million credit facility. The first tranche of $90 million will become available upon finali...
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Armtec Infrastructure Inc. enters into Amending Agreement under Existing Senior Credit Facilities
June 30, 2011
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Guelph, Ontario, June 30, 2011 - Armtec Infrastructure Inc. ("Armtec" or the "Company") (TSX: ARF; ARF.DB) today announced that it has entered into an amending agreement ("Agreement") with the lenders under its existing senior credit facilities which waives compliance with the Company's financial covenants at June 30, 2011...
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Armtec Infrastructure Inc. enters into Interim Amending Agreement under Existing Senior Credit Facilities
June 24, 2011
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Guelph, Ontario, June 24, 2011 - Armtec Infrastructure Inc. ("Armtec" or the "Company") (TSX: ARF; ARF.DB) today announced that it has entered into an interim amending agreement with the lenders under its existing senior credit facilities. This amending agreement permits the Company to draw up to $65 million in the aggregate...
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