Business

Exchange Income Corporation Completes Credit Facility Upsize and Extension

WINNIPEG, Manitoba, January 26, 2026--Exchange Income Corporation Completes Credit Facility Upsize and Extension

articleExchange Income CorporationJanuary 26, 20264/company/exchange-income-corporation/news/exchange-income-corporation-completes-credit-220100721
Exchange Income Corporation Completes Credit Facility Upsize and Extension

About this update from Exchange Income Corporation

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":214,"url":"https://media.zenfs.com/en/business-wire.com/8211ff5d1bdc79a687540773f7bfca1f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/J.nPWcIO3i_kcKra0GDQEQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQyODtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/8211ff5d1bdc79a687540773f7bfca1f","width":480,"height":214}},"lazy":false},{"type":"text","content":"Enhanced liquidity to propel next phase of growth","length":49,"tagName":"p","attribs":{}},{"type":"text","content":"WINNIPEG, Manitoba, January 26, 2026--(BUSINESS WIRE)--Exchange Income Corporation (TSX: EIF) ("EIC" or the "Corporation") a diversified, acquisition-oriented company focused on opportunities in the Aerospace & Aviation and Manufacturing segments, announced today it has closed on a new $3.5 billion credit facility, representing an increase in size of $500 million. All amounts are in Canadian currency.","length":428,"tagName":"p"},{"type":"text","content":"The new credit facility replaces the existing facility and includes an increase in commitments under the facility from $3.0 billion to $3.5 billion. In addition to the increased size of the facility, the terms and the conditions included within the facility are now more flexible than the Corporation’s previous credit facility, including moving from a secured facility to an unsecured facility. The maturity date of the facility has also been extended to January 26, 2030.","length":473,"tagName":"p"},{"type":"text","content":"Mike Pyle, CEO of EIC, commented, "The successful completion of this enhanced credit facility furthers the transformation of the Corporation’s capital structure that has been ongoing for more than a year. The Corporation has redeemed all its outstanding convertible debentures, with the significant majority of those converting to equity. The equity from these conversions has reduced aggregate leverage to the lowest it has been in more than a decade and sets the Corporation up to use its credit facility to fund investment opportunities in front of it. Strong investment opportunities in M&A, our recently announced contract expansion with Air Canada, and other meaningful organic growth opportunities all drove the Corpor...

More updates from Exchange Income Corporation

the Corporationcredit facilityinvestment opportunitiesMike PyleAerospace & AviationCorporationEIC