Lifeway Foods Secures $22M Equipment Financing Loan

Lifeway Foods, Inc. has entered into a Master Security Agreement and an Interim Funding Agreement with CIBC Bank USA. This agreement provides for loan advances totaling up to $22,000,000 to finance or refinance the acquisition of equipment. The interim funding period extends until June 30, 2027, with interest payable monthly at the 1-month Term SOFR plus 1.65%. Upon conclusion of the interim period, the advances will convert into an Equipment Guidance Line Note, maturing five years after the conversion date.