Corus Seeks Securityholder Approval for Major Debt Recapitalization to Avert Restructuring

The latest announcement is out from Corus Entertainment ( ($TSE:CJR.B) ).

Corus Entertainment has mailed and filed materials for special meetings of its shareholders and senior noteholders to seek approval for a proposed recapitalization transaction designed to address its heavy debt load and looming maturities. The board, following a strategic review, unanimously backs the plan, which would be implemented via a court-approved plan of arrangement and has already secured strong support from a large majority of senior noteholders and key voting shareholders. If approved, the transaction is expected to cut more than $500 million in third-party debt and other liabilities, generate up to $40 million in annual interest savings, increase the company’s secured revolving credit facility from $75 million to $125 million, and extend covenant relief, thereby bolstering liquidity and operational stability. The company warns that failure to implement the recapitalization would likely force alternative restructuring options that could leave existing shareholders with no recovery, underscoring the high stakes of the January 30, 2026 votes for both creditors and equity investors.

The most recent analyst rating on ($TSE:CJR.B) stock is a Sell with a C$0.03 price target. To see the full list of analyst forecasts on Corus Entertainment stock, see the TSE:CJR.B Stock Forecast page.

Spark’s Take on TSE:CJR.B Stock

According to Spark, TipRanks’ AI Analyst, TSE:CJR.B is a Underperform.

Corus Entertainment’s overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues, negative margins, and high leverage. Technical analysis indicates bearish momentum, while valuation metrics are unattractive due to negative earnings and lack of dividends. These factors collectively suggest significant risks for investors.

To see Spark’s full report on TSE:CJR.B stock, click here.

More about Corus Entertainment

Corus Entertainment Inc. is a Canadian media and entertainment company that operates television networks, radio stations and digital platforms, with a focus on broadcasting, content production and distribution in the Canadian market. Through its portfolio of specialty channels, conventional TV and audio assets, Corus targets a broad consumer audience while relying heavily on advertising and subscription revenues in a challenged traditional media landscape.

Average Trading Volume: 528,510

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$6.98M

Find detailed analytics on CJR.B stock on TipRanks’ Stock Analysis page.