Recipe Unlimited renews C$550 million revolver for three more years

By Wendy Van Sickle

Columbus, Ohio, April 18 – Recipe Unlimited Corp. renewed its existing C$550 million syndicated bank credit facility for three years, according to a news release.

The credit facility comprises a C$400 million revolver that now matures on May 1, 2027 and a C$150 million revolver that matures on May 1, 2025.

The credit facility includes a C$250 million uncommitted accordion feature that can be applicable to either of the revolvers.

Other terms of the renewed credit facility are substantially unchanged from the prior credit facility, which was established in May 2019.

Recipe Unlimited, formerly Cara Operations, is a Vaughan, Ont.-based full-service restaurant company.

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