Playmaker Capital Inc. Announces US$20 Million Convertible Loan Facility With Beedie Capital and Closes Initial Advance of US$15 Million
Summary
TORONTO Playmaker Capital Inc. (TSX-V: PMKR) (Playmaker), the digital sports media company that delivers authentic content experiences through its portfolio of sports media and technology brands, announced today that it has entered into a credit agreement (the Credit Agreement) with Beedie Investments Ltd. (Beedie Capital) for a convertible loan facility of up to the principal amount of US$20 million (the Convertible Facility). This opportunity to strengthen our balance sheet will allow us to continue to execute on our strategy of rolling up profitable digital media assets that cover major sports in important markets, while growing our existing brands organically. Playmaker has built a highly scalable digital platform with one of the largest and most engaged audiences in sports media, and we are excited to support them along their next phase of growth. This forward-looking information is based on our opinions, estimates and assumptions that, while considered by Playmaker to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to risks related to changes in general economic, business and political conditions, the completion of the transactions contemplated in this press release in the manner anticipated and those factors discussed in greater detail under the Risk Factors section in Playmakers annual information form for the year ended December 31, 2021, which is available under our profile on SEDAR at www.sedar.com, and should be considered carefully by prospective investors. Beedie Capital combines the strategic capabilities of an institutional investment platform with the flexibility and entrepreneurial mindset of a privately owned business.