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WILDBRAIN EXERCISES SHARE REPAYMENT ELECTION IN RESPECT OF EXCHANGEABLE DEBENTURES

Newswire.ca - Tue May 30, 2023

TORONTO, May 30, 2023 /CNW/ - WildBrain Ltd. ("WildBrain" or the "Company") (TSX: WILD), a global leader in kids' and family entertainment, announced today that Wildbrain Holdings LLC, a wholly-owned subsidiary of the Company (the "Issuer"), intends to repay the US$18.5 million principal amount in outstanding exchangeable secured debentures issued by the Issuer (the "Debentures") by exercising its option to deliver variable voting shares to the holders of the Debentures.

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