On May 15, 2025, SIR Corp., a leading owner-operator of restaurants in Canada, entered into a syndicated credit agreement with Bank of Montreal as administrative agent, lead arranger and sole bookrunner. Pursuant to such credit agreement, a syndicate of lenders established in favour of SIR Corp. various credit facilities totaling the approximate principal amount of $70.5 million.
The proceeds of the financing will, among other things, be used to finance new and existing restaurants across Canada.
Cassels acted for BMO.