Business
Calian Renews and Expands its Debt Agreement
OTTAWA, Ontario, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Calian® Group Ltd. (TSX:CGY), a mission ...
About this update from Calian Group Ltd.
[{"type":"text","content":"Calian Renews and Expands its Debt Agreement\n\n\n\n OTTAWA, Ontario, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Calian® Group Ltd. (TSX:CGY), a mission critical solutions company focused on defence, space, healthcare and other strategic critical infrastructure sectors, today announced the closing of a CDN$200 million debt facility with Royal Bank of Canada (“RBC”) as lead arranger, sole bookrunner, and administrative agent, Fédération des Caisses Desjardins du Québec (“Desjardins”), Canadian Imperial Bank of Commerce (“CIBC”), JP Morgan Chase Bank, N.A. (“JP Morgan”) and Export Development Canada (“EDC”).\n \n\n This new three-year term revolving credit facility totals $350 million, an increase of 37% over the previous facility. The renewed facility includes a committed amount of $200 million, combined with an uncommitted accordion feature of up to $150 million, providing added financial flexibility. This new agreement replaces the existing facility.\n \n\n “The new lending syndicate brings together Canada’s leading banks, support from EDC, Canada’s Export Credit Agency, and marking a first for Calian, a U.S.-based financial partner, JP Morgan,” stated Patrick Houston, Chief Financial Officer, Calian. “This credit facility underscores the confidence in our business fundamentals and long-term strategy. With more than $1.6 billion in backlog and highly differentiated solutions that serve the Defence, Space and Health markets, we are well positioned to deploy capital in pursuit of consistent, long-term growth and value creation.”\n \n\n\n About Calian\n \n\n\n For over 40 years, Calian has delivered mission-critical solutions when failure is not an option. Trusted worldwide, we empower organizations in critical industries to overcome obstacles, manage risks and drive progress. By combining the expertise of our people, proven industry insight, cutting-edge technology, bold innovation and global reach, we deliver tailored solutions that solve complex challenges. Headquartered in Ottawa, Canada, with over 5,000 people around the world, Calian’s solutions protect lives, strengthen security, foster global connectivity and drive economic progress, making a lasting impact where and when it matters most.\n \n\...