22:18:29 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Calian Group Ltd
Symbol CGY
Shares Issued 11,740,098
Close 2023-07-24 C$ 64.69
Market Cap C$ 759,466,940
Recent Sedar Documents

Calian Group closes $250-million debt agreement

2023-07-24 17:35 ET - News Release

Mr. Patrick Houston reports

CALIAN ANNOUNCES CLOSING OF CDN $250 MILLION DEBT AGREEMENT

Calian Group Ltd. has closed a $180-million debt facility with Royal Bank of Canada (RBC), as lead arranger, sole bookrunner and administrative agent, Desjardins Capital Markets, Canadian Imperial Bank of Commerce and Bank of Montreal.

This new three-year-term revolving credit facility with the lending syndicate includes an uncommitted accordion of $70-million for a total availability of up to $250-million and replaces the existing debt facility with RBC and Desjardins.

The long-term committed capital enables Calian to continue to execute its growth strategy and maintain focus on new mergers and acquisitions (M&A).

"Calian's demonstrated growth strategy includes the consistent deployment of capital to drive long-term expansion in all four of our operating segments," says Patrick Houston, chief financial officer, Calian. "Closing this debt facility demonstrates confidence in our strategy, our strong financial position and provides the liquidity to execute on our M&A pipeline."

About Calian Group Ltd.

Calian keeps the world moving forward. The company helps people communicate, innovate, learn, and lead safe and healthy lives. Every day, Calian's employees live the company's values of customer commitment, integrity, innovation and teamwork to engineer reliable solutions that solve complex problems. That is "Confidence. Engineered." A global company with more than 40 years of steady growth, Calian has offices and projects spanning North American, European and international markets.

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