The Globe and Mail reports in its Tuesday, March 25, edition that Corus Entertainment's secured debtholders have agreed to amend certain debt terms, allowing the company more flexibility to restructure its balance sheet. The Globe's Irene Galia writes that Corus currently has about $1-billion in total debt, about $330-million of which is a credit agreement with a group of lenders. According to a March 21 filing, lenders have amended the conditions of Corus's debt obligations, extending the maturity date of the debt by one year, to March, 2027. The amendment also includes a number of other changes to the conditions of the debt, including the amount that Corus is able to carry relative to its cash flow. A higher ratio indicates a greater indebtedness relative to the company's cash flow. The March 21 amendment raised that ratio to $9.50 for every $1 in cash flow until the end of 2025, loosening the financial covenant and increasing Corus's borrowing capacity. The amendment also removes certain requirements for Corus to use its excess cash to repay advances. "This is an important and significant step in progressing our capital and debt plan," says co-chief executive officer John Gossling.