WildBrain increases revolving credit facility to $40 million

By Wendy Van Sickle

Columbus, Ohio, Oct. 21 – WildBrain increased its revolving credit facility to $40 million from $30 million, according to a news release.

The interest benchmark was also changed to SOFR from Libor. The margin above SOFR is 400 basis points.

The revolver matures on the earlier of March 2026 and three months prior to the maturity of the company’s convertible debentures, except where converted.

Proceeds will be used for general corporate and working capital purposes.

WildBrain is a Halifax, N.S.-based kids’ content company.

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