Business
Zedcor Inc. Announces New Increased $50 Million Credit Facility
Calgary, Alberta--(Newsfile Corp. - October 6, 2025) - Zedcor Inc. (TSXV: ZDC) ("Zedcor" or the "Company") is pleased to announce that it has entered into an agreement for a new $50 million revolving credit facility (the "Credit Facility") with National Bank of Canada ("National Bank"), its new primary lending partner. The Credit Facility replaces the Company's previous $30 million credit facility and provides access to $23.2 million of additional committed capital to fund Zedcor's growth...
About this update from National Bank Of Canada
[{"type":"text","content":"Calgary, Alberta--(Newsfile Corp. - October 6, 2025) - Zedcor Inc. (TSXV: ZDC) ("Zedcor" or the "Company") is pleased to announce that it has entered into an agreement for a new $50 million revolving credit facility (the "Credit Facility") with National Bank of Canada ("National Bank"), its new primary lending partner. The Credit Facility replaces the Company's previous $30 million credit facility and provides access to $23.2 million of additional committed capital to fund Zedcor's growth initiatives. Proceeds from the Credit Facility will be used to refinance existing debt of $26.8 million, fund organic growth initiatives, support working capital, and for other general corporate purposes.","length":751,"tagName":"p"},{"type":"text","content":"Entering into the Credit Facility significantly increases Zedcor's access to non-dilutive capital, strengthening the Company's balance sheet and positioning it to continue executing on its strategic growth plan. The Credit Facility requires monthly interest-only payments, providing enhanced financial flexibility at a more efficient cost of capital.","length":358,"tagName":"p"},{"type":"text","content":"Highlights of the Credit Facility Include:","length":42,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Expanded Capital Availability: Increases available debt capacity to $50 million, up from $30 million under prior facilities, with an accordion feature for an additional $25 million. The accordion feature is not subject to fees until drawn.","length":239,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":239,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Extended Maturity: The new facility matures three years from closing, compared with the previous facility's December 2027 maturity.","length":135,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":135,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Supportive Covenants: Net Funded Debt to EBITDA of 3.5x and a Fixed Charge Coverage Ratio of 1.15x, providing greater operating flexibility.","length":140,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":140,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Im...