TORONTO, June 27,
2024 /CNW/ - WildBrain Ltd. ("WildBrain" or
the "Company") (TSX: WILD), a global leader in kids' and
family entertainment, announced today that it is nearing completion
of a refinancing of its existing credit facilities and expects to
close on the refinancing with new lenders in July 2024. To accommodate this timeline, the
Company has arranged with its current lenders to extend maturity of
its existing revolving credit facility from June 30 to July 26, 2024.
For more information, please contact:
Investors: Kathleen Persaud – VP
Investor Relations, WildBrain
kathleen.persaud@wildbrain.com
+1 212-405-6089
Media: Shaun Smith – Sr.
Director, Global Communications & Public Relations,
WildBrain
shaun.smith@wildbrain.com
+1 416-977-7230
About WildBrain
At WildBrain we inspire imaginations through the wonder of
storytelling. As a leader in 360° franchise management, we are
experts in content creation, audience engagement and global
licensing, cultivating and growing love for our own and partner
brands with kids and families around the world. With approximately
13,000 half-hours of filmed entertainment in our library—one of the
world's most extensive—we are home to such treasured
franchises as Peanuts, Teletubbies, Strawberry Shortcake,
Yo Gabba Gabba!, Caillou, Inspector
Gadget and Degrassi. WildBrain's mission is to create exceptional
entertainment experiences that captivate and delight fans both
young and young at heart.
Our studios produce such award-winning series as The
Snoopy Show; Snoopy in Space; Strawberry Shortcake:
Berry in the Big City; Sonic Prime; Chip and
Potato; Teletubbies Let's Go! and many more.
Enjoyed in more than 150 countries on over 500 platforms, our
content is everywhere kids and families view entertainment,
including YouTube, where our network has garnered over 1
trillion minutes of watch time. Our television group owns and
operates some of Canada's
most-viewed family entertainment channels. WildBrain CPLG,
our leading consumer-products and location-based entertainment
agency, represents our owned and partner properties in every major
territory worldwide.
WildBrain is headquartered in Canada with offices worldwide and trades on
the Toronto Stock Exchange (TSX: WILD). Visit us at
wildbrain.com.
Forward-Looking Statements
This press release contains "forward-looking statements" under
applicable securities laws with respect to the Company. Although
the Company believes that the expectations reflected in such
forward-looking statements are reasonable, such statements involve
risks and uncertainties and are based on information currently
available to the Company. Actual results or events may differ
materially from those expressed or implied by such forward-looking
statements. Factors that could cause actual results or events to
differ materially from current expectations, among other things,
include the availability and cost of financing, general economic
and market conditions and the impact of such conditions on the
industries in which WildBrain operates, competition and the
potential impact of industry mergers and acquisitions, market
factors, WildBrain's ability to identify and execute anticipated
production, distribution, licensing and other contracts,
contractual counterparty risk, the ability of WildBrain to realize
the expected value of its assets, supply chain and other related
disruptions, and risk factors discussed in materials filed with
applicable securities regulatory authorities from time to time
including matters discussed under "Risk Factors" in the Company's
most recent Annual Information Form and annual Management
Discussion and Analysis. These forward-looking statements are made
as of the date hereof, and the Company assumes no obligation to
update or revise them to reflect new events or circumstances,
except as required by law.
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SOURCE WildBrain Ltd.