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IBI Group enters into amended and restated credit facilities set at C$94 million

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Overview

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Lenders

On October 6, 2014 IBI Group Inc. announced that it had completed negotiations with its lenders, and entered into amended and restated credit facilities. Pursuant to the amendment and restatement, the Company’s credit facilities have been set at $94 million and the maturity date at March 31, 2016. The amended and restated credit facilities consist of a swing line facility, a revolver facility, an office capital expenditure facility, a letter of credit facility and a term facility. The new office capital expenditure facility will assist IBI Group to fund capital expenditures associated with certain new offices. Fasken Martineau advised the lenders, with a team led by Jon Holmstrom and including Louise Kennedy.

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