WildBrain Ltd., a global leader in kids' and family entertainment, has entered into an agreement with a group of private lenders, led by Sagard and Comvest Credit Partners, for a new five-year US $415 million Senior Secured Credit Facility consisting of a $375 million term loan and a $40 million revolving credit facility, bearing interest of SOFR plus a range of 5.5% to 6%, depending on the Company's total leverage ratio. Proceeds from the New Facilities will be used to fully repay the Company's existing Term Loan, due March 2028, and Revolving Facility, due July 2024. In addition, proceeds from the New Facilities, along with working capital and proceeds of CA $7,250,000 from the exercise of outstanding warrants, have been deposited in escrow with Computershare and will be used to fully repay the Company's Convertible Unsecured Subordinated Debentures (the "Convertible Debentures"), due September 2024.

Josh Scherba, WildBrain's President and CEO, said: "This comprehensive plan to refinance our debt and repay our debentures extends our debt maturity as we continue to execute on a growth strategy focused on key franchises and partnerships in the kids' and family entertainment space. More than ever, major players such as Netflix, Apple TV+, Supercell, SEGA and LEGO are turning to WildBrain for our 360-degree expertise in Content Creation, Audience Engagement and Global Licensing. Sagard is a leader in private credit, and we are pleased that they recognize the value of our business and the inherent opportunity for growth presented by our offering."

Sagard Chief Investment Officer, Adam Vigna, said: "We are pleased to provide a tailored private credit solution which extends WildBrain's maturity profile and which we believe will enable the Company to execute on its strategic vision."

Sagard and Comvest Credit Partners acted as Co-Lead Arrangers and Bookrunners on the refinancing. Goodmans LLP and Bryan Cave Leighton Paisner LLP acted as counsel to WildBrain and Kirkland & Ellis LLP acted as lender counsel in the transaction.