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MDC amends revolver, lifting size to $100 million as new lenders join
By Sara Rosenberg
New York, Nov. 29 - MDC Partners Inc. amended its senior secured revolving credit facility, increasing the size to $100 million from $75 million, according to an 8-K filed with the Securities and Exchange Commission on Monday.
As part of the amendment, JPMorgan and Bank of Montreal joined on to the deal as lenders.
Also, the amendment provides that the company be subject to additional financial covenants relating to total leverage ratio and minimum accounts.
The amendment was completed on Nov. 22.
Wells Fargo is the agent on the deal.
MDC Partners is a Toronto-based marketing and communications network.
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