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CORUS ENTERTAINMENT ANNOUNCES AMENDMENT TO CREDIT FACILITY
- CJR-B.TO
-7.14%
TORONTO, October 1, <a href="https://comicvibe.com/complexcon-2026-all-the-booths-we-want-to-hit-at-its-10th-anniversary/” title=”ComplexCon 2026: All the Booths We Want to Hit at Its 10th Anniversary”>2026 /CNW/ — Corus Entertainment Inc. (“Corus” or the “Company”) (TSX: CJR.B) announced today that it has completed a second amending agreement (the “Amendment”) to the Company’s Eighth Amended and Restated Credit Agreement dated as of March 21, 2025, as amended by the first amending agreement dated as of October 29, 2025, and as otherwise modified, amended, or supplemented from time to time prior to the date hereof (the “Credit Facility”). As part of a prudent liquidity management strategy, the Amendment increases the maximum amount the Company may request as an advance on a “revolving” basis from $125 million to $155 million. All terms are as defined in the Credit Facility and amendments thereto.
A copy of the Amendment will be filed under the Company’s profile on SEDAR+ at www.sedarplus.ca.
Caution Concerning Forward-Looking Information
This press release contains forward-looking information and should be read subject to the following cautionary language. To the extent any statements made in this document, or any of the documents referenced herein, contain information that is not historical, these statements are forward-looking statements and may be forward-looking information within the meaning of applicable securities laws (collectively, “forward-looking information”). This forward-looking information relates to, among other things, the objectives, goals, strategies, targets, intentions, plans, estimates, and outlooks of Corus Entertainment Inc. and its subsidiaries (collectively, “Corus” or the“Company”), including, but not limited to, its: strategic, operational and business plans; anticipated revenue, cost, and subscription trends; applicable regulatory, judicial, and legislative changes, decisions, and regimes; expectations regarding financial and operational performance; expectations regarding costs, tariffs, taxes, and fees; capital, balance sheet management, and liability management plans, strategies, and actions and benefits thereof; ability to repay debt and/or maintain necessary access to loan and credit facilities; and the Company’s previously-announced proposed recapitalization transaction (the”Recapitalization Transaction”) and the approval and completion thereof.
Forward-looking information can generally be identified by the use of words such as “estimate”, “forecast”,”project”, “believe”, “anticipate”, “expect”, “intend”, “plan”, “will”, “may”, or the negatives of these terms and other similar expressions. In addition, any statements that refer to expectations, anticipated outcomes or impacts, projections, or other characterizations of future events or circumstances may be considered forward-looking information.
