Linamar Corporation Renews and Extends Bank Credit Facility
On November 22, 2022, Linamar Corporation announced its
renewal and extension of its principal bank revolving credit facility for a
further four-year term, ending in November 2026. The revolving facility is
under terms and conditions largely consistent with, but more favourable to,
Linamar’s previous credit facilities and provides the company with increased
capacity and flexibility to grow. The amended credit facility and the renewed
commitment from the company’s syndicate of lenders is a testament to Linamar’s
value and reflective of the company’s long-term corporate development.
Aird & Berlis acted for Linamar Corporation, with a team led by Jill Fraser and including Michelle Chen and Angela Oh.