In connection with the Arrangement, BBTV Holdings Inc. entered into a credit agreement (the Credit Agreement) for certain credit facilities to be made available to BBTV with one of Canada's leading alternative capital providers. The Credit Agreement provides 3-year credit facilities in the aggregate principal amount of $40 million, consisting of a term loan (the New Loan) of $20 million that was advanced (the Closing) and an uncommitted revolving credit facility in the maximum amount of $20 million. On Closing, a portion of the proceeds of the New Loan were used by the Purchaser to: (i) pay the SVS Consideration and Debenture Consideration; (ii) repay a discounted amount owed by the Company to UFA Film und Fernseh GmbH under a promissory note dated October 28, 2020 in full satisfaction and discharge of such note; and (iii) repay $5,400,000 due and payable by the Company to MEP Capital Holdings III, LP (MEP) under the Company's loan agreement with MEP dated February 14, 2023.
1st Jan change | Capi. | |
---|---|---|
+42.45% | 1,279B | |
-12.84% | 25.59B | |
+55.94% | 21.9B | |
-16.77% | 8.07B | |
-29.86% | 1.87B | |
-28.70% | 1.33B | |
+47.09% | 1.08B | |
-6.49% | 567M | |
-16.62% | 396M |