GLAS supports WildBrain in securing $415M Senior Credit Facility

GLAS US is happy to share the news of our involvement in the $415m Senior Credit Facility secured by WildBrain. The facility is split across a $375m Term Loan and a $40m Revolving Credit Facility for five years. The group of private investors behind this transaction were led by Sagard and Comvest Credit Partners.

GLAS USA, LLC and GLAS Americas, LLC acted as Administrative and Collateral Agent on the transaction.

The successful conclusion of this transaction will enable WildBrain to repay the company’s existing Revolving Facility, due in July 2024, and existing Term Loan, due March 2028. In addition to this, an accumulation of the remaining funds from this transaction and additional working capital will contribute towards the repayment of WildBrain’s convertible unsecured subordinated debentures, due September 2024.

About Wildbrain

WildBrain Ltd is the company behind globally recognised children’s content and brands including Peanuts, Strawberry Shortcake, Caillou, Inspector Gadget and the Degrassi franchise. The company owns an independent library of children’s content in which it licenses to streaming services and broadcasters around the world to generate royalties.

About GLAS

GLAS was established in 2011 as an independent provider of institutional debt administration services. The company was originally created to provide the market a willing participant in complex loan restructuring transactions where many large institutions are reluctant to take swift and cooperative action. It offers a wide range of administration services developed specifically for the debt market.

GLAS is recognised as the premier independent, non-creditor, conflict-free provider of loan agency and bond trustee services, with excess of $390bn of assets under administration on a daily basis. For more information, please contact media@glas.agency.