Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

IBI Group Announces Extension of Credit Facilities

TORONTO, Sept. 27, 2018 (GLOBE NEWSWIRE) -- IBI Group Inc. (the "Company") (TSX:IBG) is pleased to announce that the Company has entered into amended and restated credit facilities with its existing banking syndicate. The amendment and restatement extends the maturity date from June 30, 2021 to September 26, 2022.

The amended and restated credit facilities consist of a revolver facility, swing line facility and letter of credit facility. IBI intends to use the amended and restated credit facility for general corporate purposes, including working capital requirements. Under certain conditions, the repayment of convertible debentures indebtedness, is permitted under the terms of the facilities.

The availability of each credit facility is subject to compliance with certain financial, reporting and other covenants. Advances under the credit facilities bear interest at rates based on the Canadian dollar prime rate, US dollar base rate, LIBOR or CDOR plus, in each case, an applicable margin.

About IBI Group Inc.

IBI Group Inc. (TSX:IBG) is a globally integrated architecture, planning, engineering, and technology firm with over 2,500 professionals around the world. For more than 40 years, its dedicated professionals have helped clients create livable, sustainable, and advanced urban environments. IBI Group believes that cities must be designed with intelligent systems, sustainable buildings, efficient infrastructure, and a human touch. IBI Group is a lead partner of the Smart Cities Council North America. Follow on Twitter @ibigroup and Instagram @ibi_group.

SOURCE: IBI Group Inc.

FOR FURTHER INFORMATION:

Stephen Taylor, CFOMedia:
IBI Group Inc.Riyaz Lalani
55 St. Clair Avenue WestBayfield Strategy, Inc.
Toronto, ON M4V 2Y7416-907-9365
Tel: 416-596-1930rlalani@bayfieldstrategy.com

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).