Alliance Atlantis Announces Closing Of $500 Million Bank Facility.Business Editors TORONTO--(BUSINESS WIRE)--Jan. 10, 2001 ALLIANCE ATLANTIS COMMUNICATIONS INC. (Nasdaq:AACB)(TSE:AAC.A.)(TSE:AAC.B.) today announced that it has closed its previously announced five-year, C$500 million, revolving senior credit facility led by TD Securities, as administration agent, along with co-lead arranger, RBC Dominion Securities
The credit facility will refinance the senior bank indebtedness of ALLIANCE ATLANTIS and its subsidiaries under its existing facility and will also be available for acquisitions, to fund internal growth initiatives and for general corporate purposes. The facility is not subject to amortization and will have a five year term. Moody's Investor Service assigned a Ba1 rating to the facility. "This now completes one of the major balance sheet initiatives designed to strengthen the Company's capital structure and allow us to grow our businesses going forward," said Mr. Judson Martin, Executive Vice President and Chief Financial Officer of ALLIANCE ATLANTIS. "We are very impressed with the depth and breadth of the lending syndicate and look forward to a long standing and mutually beneficial relationship with our new and continuing lending partners." In addition to The Toronto-Dominion Bank and Royal Bank of Canada Bank of Canada Canada's central bank, established under the Bank of Canada Act (1934). It was founded during the Great Depression to regulate credit and currency. The Bank acts as the Canadian government's fiscal agent and has the sole right to issue paper money. , the syndicate includes National Bank of Canada This article is about a commercial bank. For Canada's central bank, see Bank of Canada. National Bank of Canada (Banque Nationale du Canada) TSX: NA is the sixth largest bank in Canada, and so is one of the Big Six banks. , Bank of Nova Scotia, ING Bank of Canada, Bank of Tokyo-Misubishi (Canada), Dresdner Bank Canada, Canadian Imperial Bank of Commerce The Canadian Imperial Bank of Commerce TSX: CM NYSE: CM, better known to most customers as CIBC, is one of Canada's major banks. CIBC is classified as a Domestic Chartered Bank (Schedule I). , HSBC Bank of Canada, Bank of Montreal “BMO” redirects here. For the mathematics competition, see British Mathematical Olympiad. Bank of Montreal/Banque de Montréal (TSX: BMO, NYSE: BMO) is Canada's fourth largest bank[1], and is classified as a Domestic Chartered Bank (Schedule I). and Laurentian Bank of Canada The Laurentian Bank of Canada (Banque Laurentienne du Canada) TSX: LB is a Schedule I bank in the province of Quebec. (It also has one branch in Ottawa, Ontario). . ALLIANCE ATLANTIS COMMUNICATIONS INC. is a leading broadcaster, creator and distributor of filmed entertainment with significant ownership interests in eight Canadian specialty television networks. The Company's principal business activities are conducted through three operating groups: Broadcast, Motion Pictures and Television. Headquartered in Toronto, ALLIANCE ATLANTIS operates offices in Los Angeles, Montreal, Edmonton, London, Sydney, and Shannon. The Company's common shares trade on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. - trading symbols AAC.A, AAC.B and on NASDAQ - trading symbol AACB. The Company's website is www.allianceatlantis.com. |
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