Calian Renews and Expands its Debt Agreement

Core Insights - Calian Group Ltd. has closed a CDN$200 million debt facility with a syndicate of leading Canadian banks and JP Morgan, marking a significant financial milestone for the company [1][3] Financial Overview - The new three-year term revolving credit facility totals $350 million, representing a 37% increase over the previous facility [2] - The facility includes a committed amount of $200 million and an uncommitted accordion feature of up to $150 million, enhancing financial flexibility [2] Strategic Positioning - The new lending syndicate includes major Canadian banks and JP Morgan, indicating strong confidence in Calian's business fundamentals and long-term strategy [3] - Calian has a backlog exceeding $1.6 billion, positioning the company well for consistent long-term growth and value creation in the Defence, Space, and Health markets [3] Company Background - Calian has over 40 years of experience delivering mission-critical solutions across various sectors, emphasizing its global reach and expertise [4] - The company employs over 5,000 people worldwide, focusing on overcoming obstacles and driving progress in critical industries [4]