Decisive Dividend Corporation Announces Renewal, Extension, and Increase of its Credit Facilities

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[{"type":"text","content":"Decisive Dividend Corporation Announces Renewal, Extension, and Increase of its Credit Facilities \n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n September 12, 2022 – Kelowna,\nBritish Columbia:\n \n \n Decisive Dividend Corporation\n(TSXV:DE) (\n \n \n “Decisive”\n \n \n or the “\n \n \n Corporation\n \n \n ”)\n \n \n is pleased to announce that it\n \n \n \n \n has entered into\nan agreement with its senior lenders, Canadian Western Bank and CWB\nMaxium Financial Inc., a wholly-owned division of Canadian Western\nBank (collectively “CWB”), to increase the Corporation’s overall\ndebt availability from $36 million to $53 million and extend the term\nof the credit agreement by one year\n \n \n .\n \n \n \n \n Comparative details of the increase in debt\navailability are as follows:\n \n \n \n \n \n \n \n (Stated in thousands of\ndollars)\n \n \n \n \n \n \n \n \n Current\n \n \n \n \n \n \n \n \n Revised\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Interest\n \n \n \n \n \n \n Authorized\n \n \n \n \n \n \n \n \n Authorized\n \n \n \n \n \n \n Current\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Rate\n \n \n \n \n \n \n Debt\n \n \n \n \n \n \n Increases\n \n \n \n \n \n \n Debt\n \n \n \n \n \n \n Drawn\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Non-amortizing term facility - tranche 1\n \n \n \n \n \n \n 6.25%\n \n \n \n \n \n \n $    21,000\n \n \n \n \n \n \n $               -\n \n \n \n \n \n \n $    21,000\n \n \n \n \n \n \n $    21,000\n \n \n \n \n \n \n \n \n Non-amortizing term facility - tranche 2\n \n \n \n \n \n \n TBD\n \n \n \n \n \n \n -\n \n \n \n \n \n \n 7,000\n \n \n \n \n \n \n 7,000\n \n \n \n \n \n \n -\n \n \n \n \n \n \n \n \n Non-amortizing term facility - total\n \n \n \n \n \n \n \n \n 21,000\n \n \n \n \n \n \n 7,000\n \n \n \n \n \n \n 28,000\n \n \n \n \n \n \n 21,000\n \n \n \n \n \n \n \n \n Revolving term acquisition facility\n \n \n \n \n \n \n P+3.00%\n \n \n \n \n \n \n 7,000\n \n \n \n \n \n \n 8,000\n \n \n \n \n \n \n 15,000\n \n \n \n \n \n \n 7,000\n \n \n \n \n \n \n \n \n Revolving term operating facility\n \n \n \n \n \n \n P+1.00%\n \n \n \n \n \n \n 8,000\n \n \n \n \n \n \n 2,000\n \n \...

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