21:21:18 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Alithya Group Inc
Symbol ALYA
Shares Issued 88,269,256
Close 2023-12-21 C$ 1.60
Market Cap C$ 141,230,810
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Alithya increases, extends revolving credit facility

2023-12-22 11:09 ET - News Release

Mr. Claude Thibault reports

ALITHYA INCREASES AND EXTENDS ITS REVOLVING CREDIT FACILITY

Alithya Group Inc. has entered into an amended and restated credit agreement which, among other things, increases its existing revolving credit facility to $140-million and its uncommitted accordion to $50-million.

Quote by Claude Thibault, chief financial officer:

"We are pleased to have increased our credit facility by $50-million, when including the accordion feature. Although this increase in availability is not currently required by Alithya, it provides the company with adequate access to the capital it requires in order to continue on its accelerated growth path, both organically and through acquisitions. We would like to express our gratitude to the lending syndicate for their commitment and trust towards Alithya and the execution of its business objectives. The closing of the renewal of this facility in this uncertain financial market is a testament to the continued strength and sustainability of Alithya."

The company also modified the term of the revolving credit facility which has been extended to April 1, 2026, with the possibility to extend such maturity date in one-year increments. Alithya is excited about securing this strategic partnership with a lending syndicate composed of The Bank of Nova Scotia, as administrative agent and lender, and Federation des Caisses Desjardins du Quebec, Bank of Montreal and The Toronto-Dominion Bank, as lenders.

About Alithya Group Inc.

Empowered by the passion and enthusiasm of a talented global work force, Alithya is positioned on the crest of the digital wave as a trusted adviser in strategy and digital technology services. Transforming the world one digital step at a time, Alithya leverages collective intelligence and expertise to develop practical information technology solutions tailored to complex business challenges. As shared stewards of its clients' success, Alithya accompanies them through the full cycle of their digital evolutions, paving new roads to the future of their businesses.

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