WildBrain, a provider of family entertainment, amended its credit agreement to increase its revolving credit facility from $30 million to $40 million with an interest rate of the Secured Overnight Financing Rate (SOFR) plus 4%, based on the applicable form of borrowing.
The new SOFR benchmark rate replaces the discontinued LIBOR rate. The revolving facility matures on the earlier of March 2026 or three months prior to the maturity of the company’s convertible debentures, except where converted.
