Stingray Group Inc

09:57 AM EST - Stingray Group Inc : Has successfully completed the increase and extension of its existing credit facilities, providing additional liquidity for operations and M&A activities. The $442.5-million credit facilities consist of a $375-million revolving credit facility and a $67.5-million term loan, both maturing in October 2026. The renewed terms include incremental commitments up to $100 million upon request, subject to predetermined conditions. The pre-existing sub debt of $32 million maturing in October 2023 combined with the credit facilities described above accounts for total flexibility of up to $574.5 million. Stingray Group Inc shares T.RAY.A are trading down $0.10 at $7.29.

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