Corus amends credit agreement, extends maturity date

Corus Entertainment announced last Friday it has completed an agreement to amend and restate its credit agreement dated Oct. 24, 2024, extending the maturity date to March 20, 2027. The credit facility has been amended to, among other things, increase the maximum amount Corus may request as an advance on a revolving basis to $75 million, remove certain requirements to use excess cash to repay the outstanding amounts on such advances, and fix the interest rate per annum equal to the two-year Canada interest rate determined on March 17, 2025, plus 4.75 per cent, explained a March 21 press release from Corus....