Extendicare Inc. Announces $100.0 Million Increase to Its Existing Senior Secured Credit Facility

Published: 2025-07-02 09:05:35 ET EXE.TO

Published on 07/02/2025 at 09:05

Extendicare Inc. announced a $100.0 million increase to its existing Senior Secured Credit Facility, bringing the total facility to $375.0 million. The incremental $100.0 million is comprised of an additional $55.0 million in the delayed draw term loan facility (the "Delayed Draw Facility") and $45.0 million in the revolving credit facility (the "Revolving Facility"). The Company intends to draw the additional $55.0 million Delayed Draw Facility in the third quarter, and the $190.0M Revolving Facility is available for working capital and general corporate purposes, including capital expenditures and acquisitions.