Business Development Bank of Canada enters into C$60M credit agreement with Sierra Wireless
Date Closed
January 19, 2022
Lead Office
Montréal
Value
60.00 Million CAD
On January 19, 2022, the Business Development Bank of Canada (BDC) and CIBC Innovation Banking entered into a C$60 million credit agreement with Sierra Wireless, Inc. (Sierra Wireless). The debt facility has a term of four years and will give additional liquidity to Sierra Wireless' balance sheet.
BDC is a Canadian crown corporation focused on investments and financial support for Canada's small and medium-sized businesses.
Sierra Wireless is a multinational wireless communications equipment designer and manufacturer headquartered in Richmond, British Columbia, Canada.
McCarthy Tétrault advised BDC with a team led by Richard O'Doherty and Andrea Kareclas that included Nicole Morin (Business).