Business
Diamond Estates Wines & Spirits Inc. Enters into Eighth Amendment to its Second Amended and Restated Credit Agreement and Issues Q4 DSUs
Niagara-on-the-Lake, Ontario--(Newsfile Corp. - April 1, 2026) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates" or the "Company") announces that effective March 31, 2026 it entered into a further amendment (the "Eighth Amendment") to its Second Amended and Restated Credit Agreement (the "SARCA") with Bank of Montreal ("BMO"). Capitalized terms not defined below are defined in the SARCA. The notable terms of the Eighth Amendment are as follows: Limited Guarantee. The...
About this update from Lassonde Industries, Inc. Class A
[{"type":"text","content":"Niagara-on-the-Lake, Ontario--(Newsfile Corp. - April 1, 2026) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates" or the "Company") announces that effective March 31, 2026 it entered into a further amendment (the "Eighth Amendment") to its Second Amended and Restated Credit Agreement (the "SARCA") with Bank of Montreal ("BMO"). Capitalized terms not defined below are defined in the SARCA. The notable terms of the Eighth Amendment are as follows:","length":532,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Limited Guarantee. The limited recourse guarantee granted by Lassonde Industries Inc. ("Lassonde") in favour of BMO has been removed, owing to the fact that the Bulge Amount has been repaid by Diamond.","length":211,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Maturity Date. The maturity date of the SARCA was extended to July 31, 2026.","length":76,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Interest Rates. The interest rates are unchanged from the last amendment to the SARCA.","length":86,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":373,"olType":false},{"type":"text","content":""We want to thank Bank of Montreal for its ongoing support as Diamond continues its financial turnaround," said Andrew Howard, President and CEO of Diamond. The Company plans to release its year ended March 31, 2026 audited financial statements in late June/early July, after completion of the audit.","length":310,"tagName":"p"},{"type":"text","content":"Deferred Share Units Grant","length":26,"tagName":"p"},{"type":"text","content":"The Company also wishes to announce that it has issued deferred share units ("DSUs") to its directors as of March 31, 2026. Pursuant to the Company's deferred share unit plan, an aggregate of 198,439 DSUs at a deemed price per DSU of $0.16 have been issued by the Company to non-executive directors, with the exception of Vince Timpano and Guy Blanchette (who have renounced their compensation as nominees of Lassonde), in settlement of $31,750 of deferred directors' compensation. The DSUs are to be settled in common shares of the Company when the director retires from all positions with the Company.","length":621,"t...