Tuckamore Capital Management Inc.
TSX : TX
TSX : TX.DB.B
TSX : TX.DB.C

Tuckamore Capital Management Inc.

November 01, 2011 16:00 ET

Tuckamore Amends Its Credit Agreement

TORONTO, ONTARIO--(Marketwire - Nov. 1, 2011) -

NOT FOR DISTRIBUTION TO THE U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Tuckamore Capital Management Inc. ("Tuckamore") (TSX:TX)(TSX:TX.DB.B)(TSX:TX.DB.C) announced that it, through its borrowing subsidiary Newport Finance Corp., has entered into an amending agreement (the "Amendment") dated October 31, 2011 with lenders under its existing senior credit facility (the "Credit Agreement") which extends the repayment date of the $10 million Second Delayed Draw Term Facility from October 31, 2011 to March 2, 2012. Other key terms of the Amendment include an obligation to reduce overall leverage by an amount of at least an additional $25 million by January 2, 2013. The principal amount outstanding under the Credit Agreement remains unchanged by the Amendment.

About Tuckamore

Tuckamore (formerly Newport Inc.) is a publicly-traded company which invests in successful Canadian private businesses. Tuckamore has $352 million invested in 8 businesses representing a diverse cross-section of the Canadian economy.

Contact Information

  • Tuckamore Capital Management Inc.
    Keith Halbert
    Chief Financial Officer
    416-775 3796
    keith@tuckamore.ca