TCX - Tucows Inc. Announces New Credit Facility with Bank of Montreal | Benzinga
TORONTO, Sept. 26, 2023 /PRNewswire/ - Tucows Inc. (NASDAQ:TCX) (TSX:TC), a global company dedicated to making the internet better, is pleased to announce that on September 22, 2023, the company and its wholly owned subsidiaries entered into a new Credit Agreement with Bank of Montreal ("BMO") as administrative agent which provides for a revolving Credit Facility of up to $240 million, with an accordion for $60 million. The new Credit Agreement replaces the existing Third Amended and Restated Credit Agreement with Royal Bank of Canada ("RBC"), with the new Credit Facility set to expire on September 22, 2026, marking the third anniversary of the effective date of the agreement.