Brewster, a wholly-owned subsidiary of Viad, entered into a credit agreement for a $38 million revolving credit facility with BMO Harris Bank, one of the lenders under the company’s existing $300 million credit facility.

Loans under the credit agreement have a maturity date of December 28, 2017, and proceeds from the loans made under the credit agreement will be used in connection with the company’s acquisition of the business of FlyOver Canada, potential future acquisitions in Canada, and other general corporate purposes of Brewster.

The lender will have a first perfected security interest in all of the personal property of Brewster under the revolving credit facility and a guaranty from Brewster Travel Canada, the immediate parent of Brewster (secured by its present and future personal property), the company and all current or future subsidiaries of the company that are required to be guarantors under the Viad credit facility.

The credit agreement contains representations and warranties customary for similar transactions, and the affirmative and negative covenants are substantially the same as those contained in the credit agreement for the Viad credit facility.