All figures presented herein are in Canadian dollars, unless indicated otherwise.
MONTREAL, June 5, 2026 /CNW/ - Birks Group Inc. ("Birks Group" or the "Company") (NYSE American LLC: BGI) announced today the signing of a five-year $32.5 million senior secured term loan facility ("Term Loan") with 1903P Loan Agent, LLC, an affiliate of Gordon Brothers Group ("Gordon Brothers") and the designated administrative agent under the facility. The new Term Loan, which matures in June 2031, refinances the Company's existing $26 million senior secured term loan credit facility which has been repaid in full. Contemporaneously with the closing of the Term Loan with Gordon Brothers, the Company entered into an amendment and extension of its senior secured revolving credit facility ("Revolver Facility") with Wells Fargo Canada Corporation ("Wells Fargo"), extending the maturity date until June 2031 and providing for total commitments of $93 million, an increase of $3 million. The new and amended financing provides the Company with increased liquidity, enhanced financial flexibility and extended debt maturities, while continuing to support the execution of its strategic initiatives, including investments in store renovations, omni-channel capabilities, digital commerce initiatives and working capital requirements.
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