Linamar secures C$700 million three-year term loan

By Marisa Wong

Los Angeles, Feb. 1 – Linamar Corp. has finalized a new C$700 million term loan agreement with a three-year maturity, according to a press release.

The loan has similar terms and conditions as Linamar’s existing credit facility.

Linamar entered into the term loan in conjunction with its acquisition of Bourgault Industries Ltd.

Linamar is a Guelph, Ont.-based manufacturing company with two operating segments: industrial and mobility. Bourgault is a Canadian agricultural machinery manufacturer.

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