representative work

IBI Group Completes Significant Amendments to its Credit Agreement with TD Bank


On September 27, 2018, IBI Group completed significant amendments to its sixth amended and restated credited agreement with Toronto Dominion Bank, as administrative agent, and the lenders thereto. Among other things, the amendments to the credit agreement permit IBI Group to redeem certain of its issued and outstanding convertible debentures and increase the availability under its swingline facility to $20 million.

Cassels acted as counsel to IBI Group with a team that included Chuck Rich and Daniel Cipollone (Financial Services).