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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
National Bank of Canada Leads Stingray Group’s Refinancing of Credit Facilities
Wednesday, October 20, 2021
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Lenders/Participants
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National Bank of Canada [Co-Lead Arranger]
Bank of Montreal [Co-Lead Arranger]
Fédération des Caisses Desjardins [Co-Lead Arranger]
Canadian Imperial Bank of Commerce [Lender]
Scotiabank [Lender]
HSBC Bank Canada [Lender]
Toronto Dominion Bank [Lender]
Royal Bank of Canada [Lender]
Investissement Québec [Lender]
Business Development Bank of Canada [Lender]
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Structure
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$375MM Revolving Credit Facility; $67.5MM Term Loan
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Amount
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$442.500
Million
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Borrower(s)
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Stingray Group
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Description
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An increase and extension of its existing credit facilities, providing additional liquidity for operations and M&A activities. The $442.5 million credit facilities consist of a $375 million revolving credit facility and a $67.5 million term loan, both maturing in October 2026. The renewed terms include incremental commitments up to $100 million upon request, subject to predetermined conditions. The pre-existing sub debt of $32 million maturing in October 2023 combined with the credit facilities described above accounts for total flexibility of up to $574.5 million.
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Industry
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Media
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| Related Tags |
Bank of Montreal, Business Development Bank of Canada, Canadian Imperial Bank of Commerce, HSBC Bank Canada, Investissement Québec, National Bank of Canada, Royal Bank of Canada, Scotiabank, The Toronto-Dominion Bank
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ABL Advisor
Deal Tables
2024
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