Guelph, Ontario -- 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 result, Brookfield has waived its due diligence condition under the Loan Agreement. The effect of this waiver is the $35 million second tranche under the Loan Agreement is now available to the Company. Thus, the Company now has the ability to draw up to $125 million under the Loan Agreement, subject only to completion of standard closing documentation.
ABOUT ARMTEC INFRASTRUCTURE INC.
Armtec is a leading manufacturer and marketer of a comprehensive range of infrastructure products and engineered construction solutions for customers in a diverse cross-section of industries that are located in every region of Canada, as well as in selected markets globally. These markets include Canada's national and regional public infrastructure markets and private sector markets in agricultural drainage, commercial building, residential construction and natural resources. Operating through its network of regional offices and production facilities across the country, Armtec's broad range of engineered solutions include products for drainage, bridge applications, soil retention, rehabilitation and water management systems including corrugated high-density polyethylene, corrugated steel and concrete pipe; an array of architectural and structural precast and pre-stressed concrete products from steps, paving stones, slabs and wall panels to highly engineered structural components designed and installed for projects such as bridges, sports venues and parking garages; and a full suite of noise barriers, acoustic enclosure and wall systems along with associated retaining wall and traffic barrier systems.