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Avigilon announces new C250 million syndicated credit facility

Fasken
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Client

Avigilon Corporation

On April 7, 2015, Avigilon Corporation (“Avigilon”) announced the signing of a new multi-tranche US$200 (CDN$250) million syndicated credit facility. The Credit Facility includes a US$100 million multi-currency revolving acquisition facility, a US$60 million multi-currency revolving line, and a US$40 million real estate term loan. The Credit Facility has a three-year term, carrying interest at Avigilon's option of either prime rate, banker's acceptance rate, U.S. base rate, or Libor plus a margin based on Avigilon's senior consolidated debt to EBITDA ratio. The Credit Facility funds the purchase of Avigilon’s future global headquarters, and helps provide for their ongoing growth. Avigilon Corporation is a leading global provider of end-to-end security solutions. Avigilon was as advised on this matter by a Fasken Martineau team led by Andrew Jackson that included KC Miu and Laura Smith.

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