Loan & DebtJul 29, 2026, 04:21 PM
Cadre Holdings Secures CDN$20M Revolving Credit Facility
AI Summary
Cadre Holdings' Canadian subsidiaries, including Med-Eng Holdings ULC and Pacific Safety Products Inc., closed on an amended and restated revolving line of credit with PNC Bank Canada Branch. The facility allows for borrowings up to CDN$20.0 million, with CDN$6.0 million allocated for letters of credit, and matures on December 20, 2029. This agreement replaces a previous loan and offers flexible interest rate options for both USD and CAD borrowings, alongside an unused line fee.
Key Highlights
- Secured an amended and restated revolving line of credit up to CDN$20.0 million.
- Facility includes up to CDN$6.0 million for letters of credit.
- The revolving loan matures on December 20, 2029.
- Borrowings can be in United States dollars or Canadian dollars.
- Interest rates vary with applicable margins from 0.50% to 2.50% based on leverage ratio.
- An unused line fee of 0.175% to 0.25% per annum applies.
- Agreement amends and restates a prior loan agreement from October 14, 2021.
Price Impact
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