WildBrain Ltd. has completed the refinancing of its senior secured term loan with a new seven-year, $285 million senior secured term loan facility (the "Term Loan"), maturing in March 2028. The Term Loan has no financial maintenance covenant and bears interest at a rate of LIBOR plus 4.25%. The Company has also entered into a new five-year, $30 million revolving credit facility (the "Revolving Facility") with an interest rate of LIBOR plus 4.00%. The Revolving Facility does not carry a financial maintenance covenant, except when amounts are drawn and outstanding. The Revolving Facility matures on the earlier of March 2026 or three months prior to the maturity of the Company's convertible debentures, except where converted. The net proceeds of the Term Loan were used to repay the existing $276.5 million term facility maturing in December 2023. The Revolving Facility replaces the existing undrawn $30 million revolving credit facility maturing in June 2022.