WILDBRAIN INCREASES ITS REVOLVING CREDIT FACILITY TO US$40 MILLION – QNT Press Release


HALIFAX, NS, Oct. 21, 2022 /PRNewswire/ – WildBrain Ltd. (“WildBrain” or the “Company“) (TSX:WILD), a global leader in kids’ and family entertainment, has amended its credit agreement (the “Credit Agreement“) to increase its revolving credit facility (the “Revolving Facility“) from US$30 million to US$40 millionwith an interest rate of SOFR (Secured Overnight Financing Rate) plus 4%, based on the applicable form of borrowing. The new SOFR benchmark rate replaces the discontinued LIBOR rate. The Revolving Facility matures on the earlier of March 2026 or three months prior to the maturity of the Company’s convertible debentures, except where converted.

WildBrain will use the Revolving Facility for general corporate and working capital purposes.

The amendments to the Credit Agreement in respect…

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