Lumine Group completes $310 million three-year revolver

Chicago, March 20 – Lumine Group Inc. entered into a revolving credit facility agreement for $310 million, according to a press release.

There is a $50 million accordion.

The maturity date is March 21, 2027.

Collateral is substantially all of the assets of certain direct and indirect subsidiaries of the company. Covenants are based on the financial position and financial performance of the ring-fenced subsidiaries, including a maximum leverage ratio and an interest coverage ratio.

The company worked with a syndicate of Canadian and U.S. financial institutions with Bank of Montreal as the lead. Lenders include Federation des Caisses Desjardins du Quebec, Toronto-Dominion Bank, Wells Fargo Bank NA, Citibank NA, and PNC Bank Canada.

Proceeds will support the company’s operating needs and acquisition pipeline.

Toronto-based Lumine acquires communications and media software companies.

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