MONTREAL, Dec. 22,
2023 /PRNewswire/ - Alithya Group inc. (TSX: ALYA)
(NASDAQ: ALYA) ("Alithya" or the "Company") is pleased to announce
that the Company entered into an Amended and Restated Credit
Agreement which, among other things, increases its existing
revolving credit facility to CAD 140
million and its uncommitted accordion to CAD 50 million.
Quote by Claude Thibault,
Chief Financial Officer:
"We are pleased to have increased our credit facility by
CAD 50 million, when including the
accordion feature. Although this increase in availability is not
currently required by Alithya, it provides the Company with
adequate access to the capital it requires in order to continue on
its accelerated growth path, both organically and through
acquisitions. We would like to express our gratitude to the lending
syndicate for their commitment and trust towards Alithya and the
execution of its business objectives. The closing of the renewal of
this facility in this uncertain financial market is a testament to
the continued strength and sustainability of Alithya."
The Company also modified the term of the revolving credit
facility which has been extended to April 1,
2026, with the possibility to extend such maturity date in
one-year increments. Alithya is excited about securing this
strategic partnership with a lending syndicate composed of The Bank
of Nova Scotia, as administrative
agent and lender, and Fédération des Caisses Desjardins du Québec,
Bank of Montreal, and The
Toronto-Dominion Bank, as lenders.
Forward-Looking
Statements
This press release contains statements that may constitute
forward-looking statements within the meaning of applicable
securities laws. Statements in this press release that do not
exclusively relate to historical facts, as well as statements
relating to management's expectations regarding the potential
future growth of Alithya and its capital requirements represent
forward-looking statements.
Forward-looking statements are presented for the sole purpose of
assisting investors and others in understanding Alithya's
objectives, strategies and business outlook as well as its
anticipated operating environment and may not be appropriate for
other purposes. Although management believes the expectations
reflected in Alithya's forward-looking statements were reasonable
as at the date they were made, forward-looking statements are based
on the opinions, assumptions and estimates of management and, as
such, are subject to a variety of risks and uncertainties and other
factors, many of which are beyond Alithya's control, and which
could cause actual events or results to differ materially from
those expressed or implied in such statements. Such risks and
uncertainties include but are not limited to those discussed in the
section titled "Risks and Uncertainties" of Alithya's annual and
interim Management's Discussion and Analysis and other materials
made public, including documents filed with Canadian and U.S.
securities regulatory authorities from time to time and which are
available on SEDAR+ at www.sedarplus.com and EDGAR at
www.sec.gov.
Forward-looking statements contained in this press release are
qualified by these cautionary statements and are made only as of
the date of this press release. Alithya expressly disclaims any
obligation to update or alter forward-looking statements, or the
factors or assumptions underlying them, whether as a result of new
information, future events or otherwise, except as required by
applicable law. Investors are cautioned not to place undue reliance
on forward-looking statements since actual results may vary
materially from them.
About Alithya
Empowered by the passion and enthusiasm of a talented global
workforce, Alithya is positioned on the crest of the digital wave
as a trusted advisor in strategy and digital technology services.
Transforming the world one digital step at a time, Alithya
leverages collective intelligence and expertise to develop
practical IT solutions tailored to complex business challenges. As
shared stewards of its clients' success, Alithya accompanies them
through the full cycle of their digital evolutions, paving new
roads to the future of their businesses.
Living up to its name, meaning truth, Alithya embraces a
business model that avoids industry buzzwords and technical jargon
to deliver straight talk provided by collaborative teams focused on
three main pillars: strategic consulting, enterprise
transformation, and business enablement.
With two gender parity certifications obtained in Canada and the
United States, and in pursuit of indigenous relations and
carbon neutral certifications, Alithya strives to balance its
desire to do the right thing with its commitment to doing things
right.
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SOURCE Alithya