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K-Bro Announces New Upsized Syndicated Credit Facility

Newswire.ca - Tue Mar 26, 5:00PM CDT

EDMONTON, AB, March 26, 2024 /CNW/ - K-Bro Linen Inc. ("K-Bro" or the "Corporation") (TSX: KBL) today announced that it has entered into a three-year, $175 million committed, syndicated revolving credit facility (the "Credit Facility"). The Toronto-Dominion Bank ("TD") is acting as lead arranger, sole bookrunner, and administrative agent, with National Bank of Canada and Canadian Western Bank as lenders (together with TD, the "Lenders"). The Credit Facility replaces K-Bro's existing $125 million revolving credit facility with TD.

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