Avigilon Extends and Amends US$240 Million Syndicated Credit Facility

VANCOUVER, CANADA, July 19, 2016 /CNW/ - Avigilon Corporation ("Avigilon") (TSX: AVO), provider of trusted security solutions, today announced it has amended its existing multi-tranche senior secured syndicated credit facility to, among other things, extend its maturity date from April 7, 2018 to April 7, 2019. A full copy of the amendment agreement is available on Avigilon's SEDAR profile at www.sedar.com, and additional details regarding the credit facility were disclosed via news release on April 7, 2015 and November 16, 2015.

About Avigilon

Avigilon Corporation provides trusted security solutions to the global market. Avigilon designs, develops, and manufactures video analytics, network video management software and hardware, surveillance cameras, and access control solutions. To learn more about Avigilon, visit www.avigilon.com.

© 2016, Avigilon Corporation. AVIGILON and the AVIGILON logo are trademarks of Avigilon Corporation.

For further information:

Darren Seed
Vice President, Capital Markets & Communications
T: [phone]
[email protected]

Forward-Looking Statements

Certain information and statements in this news release contain and constitute forward-looking information or forward-looking statements as defined under applicable securities laws (collectively, "forward-looking statements").

Forward-looking statements normally contain words like 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing' and similar expressions, and within this news release include any statements (express or implied) respecting: the ongoing ability of Avigilon to access the funds under the Credit Facility, the terms under which Avigilon may access the funds under the Credit Facility, and the intended uses of the funds available under the Credit Facility.

Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions and other factors that management of Avigilon currently believes are relevant, reasonable and appropriate in the circumstances, including, without limitation, assumptions that Avigilon will, on an ongoing basis, remain in good standing under the terms of the Credit Facility.

Although management believes that the forward-looking statements are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Avigilon's business, as more particularly described in the "Risk Factors" section of Avigilon's Annual Information Form dated March 1, 2016, which is available under Avigilon's profile on SEDAR at www.sedar.com. Material risks and uncertainties applicable to the forward-looking statements set out herein include, but are not limited to, unforeseen events, developments or factors causing any of the aforesaid expectations, assumptions, and other factors ultimately being inaccurate or irrelevant. Although Avigilon has attempted to identify factors that may cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, predicted, estimated or intended. Also, many of the factors are beyond the control of Avigilon. Accordingly, readers should not place undue reliance on forward-looking statements. Avigilon undertakes no obligation to reissue or update any forward-looking statements as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements contained in this news release are qualified by this cautionary statement.

SOURCE Avigilon Corporation