Corus Entertainment secures amended credit agreement with $462.7 million credit facilities

Company

Corus Entertainment Inc.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Bank

Royal Bank of Canada

Law Firm / Organization
McMillan LLP

Bank

RBC Capital Markets, LLC

Law Firm / Organization
McMillan LLP

Bank

TD Securities

Law Firm / Organization
McMillan LLP

Bank

Bank of Montreal

Law Firm / Organization
McMillan LLP

Bank

CIBC Bank

Law Firm / Organization
McMillan LLP

Bank

National Bank of Canada

Law Firm / Organization
McMillan LLP

Bank

Bank of Nova Scotia (Scotiabank)

Law Firm / Organization
McMillan LLP

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.

Financing/Investment
Other
$ 462,700,000
Closed
24 October 2024