Corus Entertainment trims term loan, extends credit facility maturities

By Rebecca Melvin

Concord, N.H., June 3 – Corus Entertainment Inc. amended and extended its existing credit facility with RBC Capital Markets LLC and TD Securities as leaders of the lending group, according to a company news release.

Under the amendment, the term facility was decreased to C$900 million from C$1.8 billion, reflecting principal repayments made since the facility was amended, including from the proceeds of 5% senior unsecured notes due May 11, 2028.

Corus’ term loan tranches were combined into a single facility, and the maturity date was extended to May 31, 2025.

The maturity date for Corus’ C$300 million revolving credit facility was also extended to May 31, 2025.

Corus Entertainment is a media and entertainment company based in Calgary, Alta.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.