Zedcor Inc. Announces New Increased $50 Million Credit Facility

Core Viewpoint - Zedcor Inc. has secured a new $50 million revolving credit facility with National Bank of Canada, replacing its previous $30 million facility, which enhances its financial flexibility and supports growth initiatives [1][2][3]. Financial Summary - The new credit facility increases available debt capacity to $50 million, with an additional accordion feature for $25 million, not subject to fees until drawn [5]. - The facility matures three years from closing, extending beyond the previous facility's maturity date of December 2027 [5]. - The interest rate under the new facility is reduced by approximately 75 basis points, from Prime + 1.5% to Prime + 0.75% [2][5]. Strategic Implications - The credit facility is expected to lower interest payable and provide non-dilutive capital, allowing the company to fund organic growth initiatives and refinance existing debt of $26.8 million [1][2]. - The company aims to leverage this financial support to enhance its manufacturing capacity and meet growing demand for its security solutions in North America [3][7]. Management Changes - Tony Ciarla, President of Corporate Development, has departed from the company, with management expressing gratitude for his contributions [4].