The Facility is collateralized by substantially all the assets of certain direct and indirect subsidiaries of the Company (the “Ring-Fenced Subsidiaries”) and contains covenants based on the financial position and financial performance of the Ring-Fenced Subsidiaries. The covenants include a maximum leverage ratio and an interest coverage ratio. The Facility maturity date is
The syndicate of Canadian and US financial institutions is led by Bank of Montreal, and includes the following lenders: Fédération des Caisses Desjardins du
Forward Looking Statements
Certain statements herein may be “forward looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual events to be materially different from any future events expressed or implied by such forward -looking statements. Words such as “may”, “will”, “expect”, “believe”, “plan”, “intend”, “should”, “anticipate” and other similar terminology are intended to identify forward looking statements. Such forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future results, and will not necessarily be accurate indications of whether or not such results will be achieved, or when such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward looking statements. These forward looking statements reflect current assumptions and expectations regarding future events and are made as of the date hereof and
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For further information, contact:
david.nyland@luminegroup.com
www.luminegroup.com
437-353-4910
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