Amendment to Agreement Governing Term Loan Facility
On October 7, 2020, Canada Goose Holdings Inc. (the “Company”), its wholly-owned subsidiary, Canada Goose Inc., as borrower, and certain other wholly-owned subsidiaries of the Company entered into an amendment (the “Term Loan Amendment”) to its senior secured term loan facility (the “Term Loan Facility”), originally entered into on December 2, 2016, with Credit Suisse AG, Cayman Islands Branch, as administrative agent and collateral agent, and certain financial institutions as lenders. The Term Loan Amendment provides for the issuance of term loans under the Term Loan Facility in an aggregate original principal amount of $300,000,000 (the “Refinancing Term Loans”). The proceeds of the Refinancing Term Loans were used, in part, to refinance in full all of the existing term loans outstanding under the Term Loan Facility (as in effect immediately prior to the Term Loan Amendment) (the “Existing Term Loan Refinancing”), and the proceeds not applied in connection with the Existing Term Loan Refinancing may be used by the Company for general corporate purposes. The interest rates for the Refinancing Term Loans are 4.25% for LIBOR Loans and 3.25% for ABR Loans. The Refinancing Term Loans mature on October 7, 2027, and are subject to quarterly amortization in an aggregate original principal amount of 1.0% per annum. Voluntary prepayments of the Refinancing Term Loan are permitted, in whole or in part, with prior notice, without premium or penalty (except LIBOR breakage costs and a call premium in the case of certain repricing events within a specified period of time after April 7, 2021).
The foregoing description of the Term Loan Amendment does not purport to be complete and is qualified in its entirety by reference to the Term Loan Amendment, which is attached as Exhibit 99.1.
The information contained herein, as well as Exhibit 99.1 to this report of a Foreign Private Issuer on Form 6-K is deemed filed for all purposes under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended.
