 Progressive Planet Solutions Inc TSX-V:PLAN PLAN announced that it has engaged the Bank of Montreal BMO to underwrite the debt component of its proposed acquisition of Absorbent Products Ltd APL. The company said it has received terms from BMO to provide C8,683,000 in total new secured debt under three separate loan facilities including: 723,000 loan facility at prime plus 1.75 for a period of six years; 990,000 loan facility at prime plus 1.25 for a period of five years; and 6,970,000 loan facility at prime plus 0.75 for a period of 25 years. 