/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./
TORONTO, April 23, 2021 /CNW/ – Corus Leisure Inc. (“Corus“) (TSX: CJR.B) introduced at present that it has priced an providing of C$500 million mixture principal quantity of 5.000% senior unsecured notes due Could 11, 2028 (the “Notes“). The providing (the “Providing“) is anticipated to shut on Could 11, 2021, topic to customary closing circumstances.
The Notes are being supplied by means of an underwriting syndicate led by RBC Capital Markets, TD Securities and Scotiabank, as joint bookrunners.
Corus intends to make use of internet proceeds of the Providing to repay a portion of the excellent indebtedness below its credit score amenities.
The Notes are being conditionally supplied on the market in Canada on a personal placement foundation pursuant to sure prospectus exemptions. The Notes haven’t been registered below america Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities legal guidelines, and are being supplied and offered in america solely to certified institutional patrons in reliance on Rule 144A below the U.S. Securities Act and relevant state securities legal guidelines and outdoors america in offshore transactions in reliance on Regulation S below the U.S. Securities Act.
This press launch doesn’t represent a proposal to promote, or a solicitation of a proposal to purchase, any safety and shall not represent a proposal, solicitation or sale in any jurisdiction wherein such a proposal, solicitation, or sale can be illegal.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This press launch comprises ahead–wanting data and needs to be learn topic to the next cautionary language:
To the extent any statements made on this report comprise data that isn’t historic, these statements are ahead–wanting statements and could also be ahead–wanting data inside the which means of relevant securities legal guidelines (collectively, “ahead–wanting statements“). Ahead-looking statements embody statements relating to Corus’ skill to finish the Providing, statements relating to the anticipated timing of completion of the Providing and using proceeds of the Providing. Though Corus believes that the expectations mirrored in such forward-looking statements are cheap, such statements contain dangers and uncertainties, and undue reliance shouldn’t be positioned on such statements. Sure materials elements or assumptions are utilized in making forward-looking statements, together with with out limitation elements and assumptions relating to market circumstances and the flexibility to satisfy the circumstances to closing the Providing, and precise outcomes could differ materially from these expressed or implied in such statements. Different elements embody, however should not restricted to, the dangers mentioned in Corus’ supplies filed with Canadian securities regulatory authorities from time to time on www.sedar.com. Corus cautions that the foregoing record of necessary elements which will have an effect on future outcomes will not be exhaustive. When counting on our forward-looking statements to make selections with respect to Corus, traders and others ought to rigorously contemplate the foregoing elements and different uncertainties and potential occasions. Until in any other case required by relevant securities legal guidelines, Corus disclaims any intention or obligation to publicly replace or revise any ahead wanting statements whether or not because of new data, occasions or circumstances that come up after the date thereof or in any other case.
About Corus Leisure Inc.
Corus Leisure Inc. (TSX: CJR.B) is a number one media and content material firm that develops and delivers prime quality manufacturers and content material throughout platforms for audiences around the globe. Partaking audiences since 1999, the corporate’s portfolio of multimedia choices embody 33 specialty tv companies, 39 radio stations, 15 standard tv stations, a set of digital and streaming property, animation software program, know-how and media companies. Corus is an internationally-renowned content material creator and distributor by means of Nelvana, a world class animation studio professional in all codecs and Corus Studios, a globally acknowledged producer of hit scripted and unscripted content material. The corporate additionally owns progressive full-service social digital company so.da, life-style leisure firm Kin Canada, main 2D animation software program provider Toon Growth and kids’s guide publishing home, Children Can Press. Corus’ roster of premium manufacturers contains World Tv, W Community, HGTV Canada, Meals Community Canada, HISTORY®, Showcase, Grownup Swim, Nationwide Geographic, Disney Channel Canada, YTV, World Information, Globalnews.ca, Q107, Nation 105, and CFOX, together with broadly distributed Canadian streaming platforms STACKTV, Nick+, the World TV App and Curiouscast. For extra data go to www.corusent.com.
SOURCE Corus Leisure Inc.
For additional data: Investor inquiries: Heidi Kucher, Director, Investor Relations, Corus Leisure Inc., [email protected]; Media inquiries: Melissa Eckersley, Company Communications Lead, Corus Leisure Inc., [email protected]