Business
TERAGO, CrowdOut Capital and Cymbria Corporation amend certain terms of Credit Agreement
TERAGO, CrowdOut Capital and Cymbria Corporation amend certain terms of Credit Agreement ...
About this update from Terago Inc.
[{"type":"text","content":"\n\n\n\n TERAGO, CrowdOut Capital and Cymbria Corporation amend certain terms of Credit Agreement\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n March 31, 2025\n \n\n /CNW/ -\n \n TERAGO Inc.\n \n (\"\n \n TERAGO\n \n \" or the \"\n \n Company\n \n \") (TSX: TGO)\n \n (\n \n https://terago.ca/\n \n )\n \n , today announced it, CrowdOut Capital LLC (\"\n \n CrowdOut\n \n \") and Cymbria Corporation (\"\n \n\n Cymbria\n \n\n \") executed a Second Amendment to the Credit and Guaranty Agreement (the \"\n \n Second\n \n\n Amending Agreement\n \n \"), which amends certain terms of the Credit and Guaranty Agreement entered into between, inter alios, CrowdOut and the Company as of\n \n September 29, 2022\n \n (the \"\n \n Original Agreement\n \n \"), as amended by the First Amendment to Credit and Guaranty Agreement dated as of\n \n May 29, 2024\n \n among CrowdOut,\n \n Cymbria\n \n and the Company relating to the Company's secured debt facility (the \"\n \n First Amending Agreement\n \n \", collectively with the Original Agreement and the Second Amending Agreement, the \"\n \n Credit Agreement\n \n \"). The Second Amending Agreement serves to increase the amount of the secured debt facility from\n \n US$19 million\n \n to\n \n US$21 million\n \n , while maintaining consistency with the initial framework of the Credit Agreement, with the\n \n US$2 million\n \n increase in the secured debt facility funded by\n \n Cymbria\n \n .\n \n\n \"\n \n Cymbria\n \n is pleased to provide additional capital to TERAGO to support the Company's continued momentum.  With the recent ISED consultation we are confident that TERAGO will retain and leverage its valuable mmWave spectrum licenses to seize new opportunities and drive innovation as market adoption of Fixed Wireless Access and 5G networks accelerates.\" said\n \n Frank Mullen\n \n , Chief Investment Officer, Edgepoint Investment Group.\n \n\n In connection with the Second Amending Agreement, subject to Toronto Stock Exchange (the \"\n \n TSX\n \n \") approval, the Company...