On October 18, 2025, Diamond Estates Wines & Spirits Inc. announced that it had signed its sixth amendment to its Second Amended and Restated Credit Agreement (SARCA) with Bank of Montreal (BMO).
The amendment includes waivers of defaults, including the fixed charge coverage ratio, giving Diamond Estates additional flexibility as it continues its turnaround plan. The company confirmed that the amendment was signed today and that BMO has provided the waivers to support the company’s financial position.
This new financing arrangement is a material event for BMO, as it represents an ongoing credit facility and a continued partnership with a Canadian wine and spirits producer. The announcement was made today, making it a timely and newsworthy development for BMO’s stakeholders.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.