Dominion Lending Centres Increases and Extends Credit Facility

Executive Summary

• Dominion Lending Centres Inc. (“DLC Group”) amended and extended its senior credit facilities with The Toronto‑Dominion Bank, pushing the maturity to February 26 2031.
• The revolving credit portion was increased by $15 million, raising the limit from $25 million to $40 million.
• The amendment provides additional financial flexibility and strengthens the company’s capital structure for its growth strategy.

Key Details

• Amended Facilities: Two senior credit facilities (revolving line + term facility) with The Toronto‑Dominion Bank.
• Maturity Extension: New maturity date moved from 18 Feb 2030 to 26 Feb 2031.
• Revolving Credit Increase: Limit raised by $15 million to a total of $40 million (previously $25 million).
• Interest Rate Basis: Prime borrowing rate (or, at DLC’s option, Term CORRA) plus an additional spread based on the corporation’s total leverage; anticipated to equal the prime rate at closing.
• Purpose/Benefit: Enhances financial flexibility, strengthens capital structure, and supports disciplined capital allocation for long‑term growth.
• Comments: Gary Mauris, Co‑Founder & CEO, highlighted that the amendment provides stability, continuity in financial planning, and a strong foundation for future growth.

Notable Quotes

“The extension and increase in our credit facilities enhances our financial flexibility and further strengthens our capital structure as we continue executing on our long‑term growth strategy,” – Gary Mauris, Co‑Founder & CEO, DLC Group.

Investor contacts provided for follow‑up.