Corus Orthodontists Secures C$250M Credit Facility to Drive Acquisitions and Network Growth

CALGARY, Alberta--(BUSINESS WIRE)--Corus Orthodontists, a leading North American orthodontic partnership network announced today that it has extended the Company’s secured syndicated credit facility (the "Credit Facility") provided through a syndicate of Canadian and U.S. lenders. The Canadian Imperial Bank of Commerce (CIBC) acted as Sole Lead Arranger and Administrative Agent with Scotiabank and ATB Financial serving as Co-documentation Agents.

The facility increases Corus’ access to capital from C$175 million to C$250 million, with an uncommitted accordion that allows for expansion up to C$325 million. The Credit Facility, originally set to expire in December 2025, has been extended 3.5 years to December 2028.

Corus has one of the lowest debt profiles among dental service organizations. Corus has also substantially hedged the floating components of its interest rate exposure at or below current market rates through the term of the Credit Facility.

“This extension and expansion underscores our focus on organic and inorganic profitability and maintaining a strong balance sheet,” said Peter Bishop, CFO of Corus Orthodontists. “We appreciate the ongoing support from our lending partners as we continue scaling our network of orthodontic partnerships across North America.”

“With this expansion and Corus’ existing cash reserves, the Company now has access to more than C$100 million in available capital for acquisitions,” said Dean Prevost, CEO of Corus Orthodontists. “We’re excited to welcome new Doctor-Partners into the Corus community, those who bring clinical excellence, entrepreneurial energy, and a desire to help shape the future of the specialty. With a solid foundation in place, we’re well-positioned to continue expanding and strengthening our unique doctor-led model across North America.”

About Corus Orthodontists Inc.
Corus Orthodontists is a North American orthodontic partnership network that brings together leading doctor-led practices to share resources, expertise, and a commitment to delivering exceptional patient care. With locations across Canada and the United States, Corus supports its community of practices in clinical excellence, operational efficiency, and sustainable growth.

For more information about Corus Orthodontists, please visit www.corusortho.com.