Mediagrif Interactive Technologies renewed and amended the credit agreement governing its senior secured revolving credit facility. With the renewal, the facility’s term has been extended to December 18, 2020. The amended credit agreement provides for a maximum borrowing capacity of $80 million, which shall be used for general corporate purposes including acquisitions.

The agreement also provides for an accordion feature to increase the maximum borrowing capacity by $40 million, subject to meeting certain criteria and obtaining additional commitments from lenders.

The lender group is comprised of National Bank of Canada as lead arranger, sole bookrunner and administrative agent, The Bank of Nova Scotia and Caisse centrale Desjardins.

Canada-based Mediagrif Interactive Technologies is a provider of information technology and owner of several recognized web and mobile platforms including Jobboom, LesPAC, Réseau Contact, MERX, InterTrade, Carrus and BidNet.