Alithya Extends Credit Facility Maturity to 2029; Boosts Swingline Limit to C$15M

Alithya Group Inc. has amended its Second Amended and Restated Credit Agreement, extending the maturity date of its credit facility by two years to April 1, 2029. The company also significantly increased its Swingline Limit from C$5 million to C$15 million, enhancing its short-term liquidity. Additionally, the amendment adjusted several financial covenants, including increasing the cash and cash equivalents exclusion for Senior Debt and Total Debt calculations to C$20 million and raising the financial assistance limit to C$3 million. These changes follow the approved sale of Datum Consulting Group entities to Medivra Holdings LLC.