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SELECTED TRANSACTION DETAILS
National Bank of Canada Leads Stingray Group’s Refinancing of Credit Facilities
Wednesday, October 20, 2021

Lenders/Participants 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]
Structure $375MM Revolving Credit Facility; $67.5MM Term Loan
Amount $442.500 Million
Borrower(s) Stingray Group
Description 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.
Industry Media
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




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