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K-Bro Linen Inc. (T:KBL)

Business Focus: Business Support Services (NEC)

INK Edge Outlook

Insider Chart - Past 6 Months

Insider Filings

Latest 10 SEDI filings for KBL within the last 6 months
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Company News

Mar 26, 2024 18:00 ET
K-Bro Announces New Upsized Syndicated Credit Facility
EDMONTON, AB, March 26, 2024 /CNW/ - K-Bro Linen Inc. ("K-Bro" or the "Corporation") (TSX: KBL) today announced that it has entered into a three-year, $175 million committed, syndicated revolving credit facility (the "Credit Facility"). The Toronto-Dominion Bank ("TD") is acting as lead arranger, sole bookrunner, and administrative agent, with National Bank of Canada and Canadian Western Bank as lenders (together with TD, the "Lenders"). The Credit Facility replaces K-Bro's existing $125 million revolving credit facility with TD.
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Valuation Ratios

Industry
Sector
Beta
1.11
--
--
Price to Sales - TTM
1.16
1.33
3.30
Price to Book - most recent quarter
2.14
2.17
2.69
Price to Cash Flow per share - TTM
8.28
13.15
12.43
Price to Free Cash Flow per share - TTM
23.07
18.90
29.34
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Mar 15, 2024242,5791,297
Feb 29, 2024241,28215,251
Feb 15, 2024226,0317,562
See Short Report

Business Summary

Sector:  Industrials Industry:  Business Support Services

K-Bro Linen Inc. is a Canada-based owner and operator of laundry and linen processing facilities. The Company provides laundry and textile rental services in Scotland and the Northeast of England. The Company and its wholly owned subsidiaries operate across Canada and the United Kingdom, providing a range of linen services to healthcare institutions, hotels and other commercial accounts that include the processing, management and distribution of general linen and operating room linen. It operates through two divisions. Canadian division provides laundry and linen services to the healthcare and hospitality sectors through 10 operating divisions located in Vancouver, Victoria, Calgary, Edmonton, Regina, Toronto, Montreal, and Quebec City. UK division provides laundry and linen services primarily to the hospitality sector, with other sectors, including healthcare, manufacturing and pharmaceuticals, through four sites which are located in Perth, Newcastle, Livingston and Coatbridge.

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