The Quebec company’s total debt is US$550 million, or C$750 million, “the lowest level of debt in recent years,” chief financial officer Emmanuelle Leclerc-Granger said in an interview.
In November 2020, Catalyst Capital Group injected US$375 million into the company’s reserves, but it took until summer 2021 before public health restrictions eased enough to allow performances. Credit rating agencies have taken note of its improved finances, Leclerc-Granger said. Standard & Poor’s hiked its rating three times, though at B+ it is still considered speculative.
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