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Cannara Secures $80 Million Syndicated Credit Facility With BMO and TD

Bank of Montreal logoBank of Montreal
Sig2.65Sen+3.25Env0.00Soc0.00Gov0.00
Toronto Dominion Bank logoToronto Dominion Bank
Sig1.85Sen+1.25Env0.00Soc0.00Gov0.00

Cannara Biotech (OPS) Inc. entered an amended and restated syndicated credit agreement with Bank of Montreal and The Toronto-Dominion Bank. The Restated Credit Facility provides $80 million in total committed borrowing capacity, $30 million more than the prior roughly $50 million, increases revolving capacity to $40 million, extends maturity to December 2029, and consolidates existing facilities into a more flexible package.

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