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home / news releases / BGI - Birks Group announces amended credit facility term loan

BGI - Birks Group announces amended credit facility term loan

Birks Group Inc.
Birks Group (NYSE:BGI) enters into an amended senior secured revolving credit facility with Wells Fargo Capital Finance Canada and a senior secured term loan with Crystal Financial. The amendments extend the maturity date of BGI's existing loans from October 2022 to December 2026. The amended credit facility maintains an C$85M commitment and includes a committed accordion of C$5M. The amended term loan of C$12.5M is subordinated to the credit facility and now bears interest at an annual rate of CDOR plus 7.75%, a reduction of 50 bps.

For further details see:

Birks Group announces amended credit facility, term loan
Stock Information
Company Name: Birks Group Inc.
Stock Symbol: BGI
Market: NYSE
Website: birks.com
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