Decisive Dividend Corporation announced that it has it has closed its previously announced $175 million syndicated credit facility. In closing, Decisive has increased its overall debt capacity by $107 million through a committed $100 million senior secured revolving credit facility and a $75 million accordion facility (the "Credit Facility"). The syndicate includes National Bank of Canada, through National Bank Financial Markets ("National Bank") and Canadian Western Bank, through its wholly-owned division CWB Maxium Financial Inc. ("CWB"), who together acted as co-lead arrangers and joint bookrunners, as well as Royal Bank of Canada ("RBC") and Fédération des caisses Desjardins du Québec ("Desjardins") (collectively the "Syndicate").

National Bank acts as administrative agent on behalf of the Syndicate. The Credit Facility replaces the Corporation's previous credit agreement with CWB and represents an increase in overall debt capacity from $68 million to $175 million, providing Decisive with considerable additional liquidity to fund growth in its existing operations as well as through acquisition opportunities, at borrowing costs consistent with the effective interest rates under its previous credit agreement. The Credit Facility provides for more flexibility as a single senior secured revolving credit facility that can be utilized to fund working capital, capital expenditures, and acquisitions, compared to the three separate loan tranches included in the previous credit agreement.

In addition, the Credit Facility includes a $75 million accordion facility, which the Corporation can request as an increase, in whole or in part, to the total amount available under the Credit Facility. As with the previous credit agreement, there are no required principal repayments during the committed three-year term of the Credit Facility and all drawn amounts will mature in March 2027. In addition, the Corporation can request to extend the term of the loan annually.

Borrowings under the Credit Facility may be made by way of Canadian prime rate, U.S. base rate, CORRA or SOFR advances. The Credit Facility bears interest at the Canadian prime rate or U.S. base rate plus 0.75% to 2.25%, or at the Canadian overnight repo rate average ("CORRA") or the U.S. Federal reserve secured overnight financing rate ("SOFR") plus 2.00% to 3.50%. These interest rate ranges are dependent on certain financial ratios of the Corporation.

In addition, standby fees ranging from 0.40% to 0.70% per annum are paid quarterly on the unused portion of the Credit Facility depending on certain financial ratios of the Corporation. There are no fees paid on the accordion facility until amounts are made available to the Corporation. The Credit Facility is secured by a general security agreement, assignment of insurance, and unlimited corporate cross guarantees.