Colabor Group Inc. (TSE:GCL) has released an update.
Colabor Group Inc. has successfully renegotiated and extended the maturity of its senior secured credit facility from February 2025 to February 2028, with the facility now totaling $71.8 million. This extension includes a revolving credit of $50 million, a term loan of $21.8 million, and an option to expand the facility by an additional $35 million under certain conditions. The company views this as a reaffirmation of support from financial partners, allowing them to pursue their strategic goals while managing leverage cautiously.
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