Stingray Enhances Financial Flexibility with $500M Refinancing

Stingray Group Inc. (TSX: RAY.A; RAY.B), a global leader in music, media, and technology, has successfully completed a long-term refinancing, securing a $500 million revolving credit facility. This strategic move enhances the company's operational and M&A flexibility, positioning it to capitalize on market opportunities and drive growth. The facility, provided by a syndicate of banks led by National Bank Financial Markets, matures in December 2028 and includes an option to seek incremental commitments up to an additional $100 million, subject to predetermined conditions.

Stingray's CEO, Eric Boyko, expressed delight in the ongoing support from the banking syndicate, stating that the new financing greatly enhances the company's liquidity and provides optionality for additional commitments. The refinancing allows Stingray to explore growth opportunities, invest in content acquisition, technology upgrades, and strategic partnerships, while also pursuing potential acquisitions in the media and technology sectors.

The increased financial flexibility enables Stingray to expand its music, media, and technology services, reaching more consumers worldwide. The company can now invest in expanding its audio and video channels, radio stations, and digital signage, as well as enhance its AI-driven consumer insights and feedback, improving its advertising solutions. By leveraging this new financing, Stingray can consolidate its position in the market and drive long-term growth.



Stingray's successful refinancing comes at a time when the company is well-positioned to capitalize on market trends and opportunities. With a strong balance sheet and increased liquidity, Stingray can adapt to changing market conditions and maintain its competitive advantage. As the global music, media, and technology landscape continues to evolve, Stingray's strategic investments and financial flexibility will be crucial in driving its long-term success.



In conclusion, Stingray's $500 million revolving credit facility, maturing in 2028, provides increased operational and M&A flexibility. With the ability to seek additional commitments up to $100 million, subject to predetermined conditions, Stingray can explore growth opportunities and expand its music, media, and technology services. By leveraging this new financing, Stingray can enhance its competitive position and drive long-term growth in the dynamic global market.