Colabor Group Inc. (TSE:GCL) has released an update.
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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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