Cineplex Announces Credit Facility Extension

Credit agreement amendment extends maturity by one year to Nov. 13, 2024.

• Amends the standard administrative provisions relating to the potential replacement of benchmark rates, and makes certain other administrative amendments
• “We are pleased that our lending group continues to be supportive,” CEO Ellis Jacob said. “This extension of maturity provides us additional time and flexibility with respect to the balance sheet during the current turbulent economic environment.”

NOTE

• Cineplex Inc. fell 2.6% to C$8.22 as of last close
  • The average 12-month price target of C$13.54 is 64.7% above the current price
  • 5 buys, 1 holds, 0 sells

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