SIR CORP. ANNOUNCES CREDIT AGREEMENT WITH NEW SENIOR LENDERS
Summary
The initial advance on the Term Facility is repayable in quarterly instalments of $0.8 million, with the remaining outstanding principal balance due on the maturity date. Each subsequent advance is repayable in equal quarterly instalments based on a 12-year amortization, with the remaining outstanding principal balance due on the maturity date. Advances on the Delayed Draw Facility may be requested (subject to availability) in minimum multiples of $0.25 million to finance capital spending on new restaurants pursuant to SIRs annual business plan. These statements reflect Managements current expectations, estimates and projections regarding future events and operating performance and speak only as of the date of this document. The Fund and SIR expressly disclaim any obligation or undertaking to publicly disclose or release any updates or revisions to any forward-looking statements.