Parties
Company
Corus Entertainment Inc.
Bank
Royal Bank of Canada
Bank
RBC Capital Markets, LLC
Bank
TD Securities
Bank
Bank of Montreal
Bank
CIBC Bank
Bank
National Bank of Canada
Bank
Bank of Nova Scotia (Scotiabank)
Corus Entertainment entered a Seventh Amended and Restated Credit Agreement on October 24, 2024, securing a credit facility package totaling approximately CAD $462.7 million. The facility includes a revolving credit facility of up to CAD $150 million, available for capital expenditures and working capital, and a non-revolving term loan facility of CAD $312.7 million allocated for refinancing existing debt. RBC Capital Markets and TD Securities acted as Co-Lead Arrangers and Joint Bookrunners. Legal counsel for the agent was McMillan LLP, with Osler, Hoskin & Harcourt LLP representing Corus as borrower. Royal Bank of Canada serves as the administrative agent, while Bank of Montreal, CIBC, National Bank of Canada, and Scotiabank are co-syndication agents.
Deal Type
Financing/InvestmentIndustry
OtherTransaction
$ 462,700,000Deal Status
ClosedClosing Date
24 October 2024