Alliance Atlantis Announces New Senior Credit Facility.Business Editors TORONTO--(BUSINESS WIRE)--Oct. 23, 2000 Alliance Atlantis Communications Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AACB AACB Australasian Association of Clinical Biochemists AACB Alliance Atlantis Communications Inc. AACB Aeronautics and Astronautics Coordinating Board AACB Aeronautics & Astronautics Coordinating Board AACB Ann Arbor Concert Band (Ann Arbor, MI) ) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :AAC (Advanced Audio Coding) An audio compression technology that is part of the MPEG-2 and MPEG-4 standards. AAC, especially MPEG-4 AAC, provides greater compression and better sound quality than MP3, which also came out of the MPEG standard. .A.) (TSE:AAC.B.) today announced that it has committed to a new five-year, C$500 million, revolving senior credit facility to be led by TD Securities, as administration agent, along with co-lead arranger, RBC Dominion Securities
The credit facility will refinance the current senior bank indebtedness of Alliance Atlantis and its subsidiaries and will also be available for acquisitions, to fund internal growth initiatives and for general corporate purposes. The facility which is not subject to any amortization, will have a term of five years from the closing date, which is expected to be on or about November 30, 2000. Mr. Judson Martin, Executive Vice President and Chief Financial Officer of Alliance Atlantis stated, "This now completes one of the major balance sheet initiatives designed to strengthen the Company's capital structure that we announced last month at our annual meeting. This underwriting commitment provided by TD Securities and RBC Dominion Securities is a reflection of the long-standing relationships between all the parties, and mutual agreement and understanding on the future direction of the Company and its business plan components." 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 Picture and Television. Headquartered in Toronto, Alliance Atlantis operates offices in Los Angeles, Montreal, 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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