Diamond Estates Wines & Spirits entered into a second amended and restated credit agreement with Bank of Montreal. The amended credit agreement folds into the previous BMO facility of the Equity Wine Group and its subsidiaries with Diamond Estates Wines & Spirits’ existing BMO credit facility. Diamond Estates Wines & Spirits acquired Equity Wine Group in October and a condition of the transaction was for the company to consolidate all its facilities with BMO.
“We are very pleased with our relationship with BMO and the support that the BMO team has given us,” Murray Souter, president and CEO of Diamond Estates Wines & Spirits, said. “Executing this agreement extends our banking relationship with BMO into 2024 and helps support our business plans and future growth.”
