The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Marketwire

Tuckamore Amends Its Credit Agreement

Tuesday, November 01, 2011

Tuckamore Amends Its Credit Agreement16:00 EDT Tuesday, November 01, 2011TORONTO, ONTARIO--(Marketwire - Nov. 1, 2011) -NOT FOR DISTRIBUTION TO THE U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Tuckamore Capital Management Inc. ("Tuckamore") (TSX:TX)(TSX:TX.DB.B)(TSX:TX.DB.C) announced that it, through its borrowing subsidiary Newport Finance Corp., has entered into an amending agreement (the "Amendment") dated October 31, 2011 with lenders under its existing senior credit facility (the "Credit Agreement") which extends the repayment date of the $10 million Second Delayed Draw Term Facility from October 31, 2011 to March 2, 2012. Other key terms of the Amendment include an obligation to reduce overall leverage by an amount of at least an additional $25 million by January 2, 2013. The principal amount outstanding under the Credit Agreement remains unchanged by the Amendment. About Tuckamore Tuckamore (formerly Newport Inc.) is a publicly-traded company which invests in successful Canadian private businesses. Tuckamore has $352 million invested in 8 businesses representing a diverse cross-section of the Canadian economy.FOR FURTHER INFORMATION PLEASE CONTACT: Keith HalbertTuckamore Capital Management Inc.Chief Financial Officer416-775