CORUS ENTERTAINMENT PROVIDES UPDATE REGARDING CREDIT FACILITY

TORONTO, March 2, 2026 /CNW/ - Corus Entertainment Inc. (TSX: CJR.B) ("Corus" or the "Company") announced today it has entered into a waiver and standstill agreement (the "Agreement") with the Lenders under the Company's Eighth Amended and Restated Credit Agreement (the "Credit Facility") following the expiry on February 28, 2026 of the prior agreement dated March 21, 2025 which amended certain terms of the Credit Facility. The Agreement enables the Company's continued access to liquidity, including under the Revolving Facility, by providing waivers of certain financial covenants, such as those relating to leverage and interest coverage ratios, subject to the terms and conditions therein. In light of the Company's previously announced recapitalization transaction, the Agreement term is until May 30, 2026.  All terms are as defined in the Credit Facility and amendments thereto.

A copy of the Agreement will be filed under the Company's profile on SEDAR+ at www.sedarplus.ca.

About Corus Entertainment Inc.
Corus Entertainment Inc. (TSX: CJR.B) is a leading media and content company that develops, delivers and distributes high quality brands and content across platforms for audiences around the world. Engaging audiences since 1999, the company's portfolio of multimedia offerings encompass 25 specialty television services, 36 radio stations, 15 conventional television stations, digital and streaming platforms, and social digital agency and media services. Corus' roster of premium brands includes Global Television, W Network, Flavour Network, Home Network, The HISTORY® Channel, Showcase, Slice, Adult Swim, National Geographic and Global News, along with streaming platforms STACKTV, TELETOON+, the Global TV App and Curiouscast. For more information visit www.corusent.com. 

SOURCE Corus Entertainment Inc (IR Group)

Investor inquiries: Heidi Kucher, Director, Investor Relations, Corus Entertainment Inc., [email protected]; Media inquiries: Melissa Eckersley, Head of Corporate Communications and Relations, Corus Entertainment Inc., [email protected]