Corus Entertainment (TSE:CJR.B) has released an update.
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Corus Entertainment has amended its credit agreement, enhancing financial flexibility through an increased Total Debt to Cash Flow Ratio and allowing for additional borrowing under certain conditions. The company’s Co-CEO and CFO, John Gossling, emphasizes this step as part of a broader strategy to fortify Corus’s balance sheet amid efforts to continue delivering quality content within the Canadian broadcast industry.
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