Corus Entertainment (TSE:CJR.B) has released an update.
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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