Diamond Estates Wines & Spirits Inc. Enters into Ninth Amendment to Its Second Amended and Restated Credit Agreement

Q: When does Diamond Estates’ amended SARCA with Bank of Montreal now mature?

The amended SARCA now matures on October 30, 2026 . According to Diamond Estates, the Ninth Amendment effective July 31, 2026, extended the prior maturity date while leaving the existing interest rate structure unchanged under the Second Amended and Restated Credit Agreement.

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Diamond Estates Wines & Spirits (TSXV: DWS, OTCPK: DWWEF) entered into a Ninth Amendment to its Second Amended and Restated Credit Agreement with Bank of Montreal, effective July 31, 2026. The amendment extends the SARCA maturity date to October 30, 2026, while interest rates remain unchanged from the prior amendment.

Positive

SARCA maturity extended to October 30, 2026
Interest rates remain unchanged from prior amendment

Negative

None.

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08/04/2026 - 05:30 PM

Niagara-on-the-Lake, Ontario--(Newsfile Corp. - August 4, 2026) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates" or the "Company") announces that effective July 31, 2026 it entered into a further amendment (the "Ninth Amendment") to its Second Amended and Restated Credit Agreement (the "SARCA") with Bank of Montreal. Capitalized terms not defined below are defined in the SARCA. The notable terms of the Eighth Amendment are as follows:

Maturity Date. The maturity date of the SARCA was extended to October 30, 2026.
Interest Rates. The interest rates are unchanged from the last amendment to the SARCA.

"We want to thank Bank of Montreal for its ongoing support as Diamond Estates continues to execute on its strategic and financial priorities," said Andrew Howard, President and CEO of the Company.

About Diamond Estates Wines and Spirits Inc.

Diamond Estates is a producer of high-quality wines and ciders as well as a sales agent for over 120 beverage alcohol brands across Canada. The Company operates four facilities, three in Ontario and one in British Columbia, that produce predominantly VQA wines under such well-known brand names as 20 Bees, Creekside, D'Ont Poke the Bear, EastDell, Lakeview Cellars, Mindful, Shiny Apple Cider, Fresh Wines, Red Tractor, Seasons, Serenity and Backyard Vineyards.

Through its commercial division, Trajectory Beverage Partners ("Trajectory"), the Company serves as the sales agent for a wide range of leading international beverage brands.

Wine Portfolio:

Trajectory represents renowned wine brands, including Fat Bastard and Gabriel Meffre from France; Kaiken from Argentina; Kings of Prohibition from Australia; Yealands, Kono, Tohu, and Joiy Sparkling Wine from New Zealand; Talamonti, Cielo and Valdo from Italy; Bodegas Muriel from Spain; Porta 6, Julia Florista, Boas Quintas, Catedral and Cabeca de Toiro from Portugal; Fowles Wines from Australia; Empress Wines from Croatia; as well as C.K. Mondavi & Family, Charles Krug, Line 39, Harken, FitVine and Rabble from California. Trajectory also represents a broad portfolio of wines sold exclusively to restaurants, bars and private consumers.

Spirits Portfolio:

The Company also represents distinguished spirit brands such as Cofradia Tequila, Siempre Tequila, Chisme Tequila, Hussong's Tequila, Solmano Mezcal and Chica Chida Agave Spirit from Mexico; Islay Mist and Waterproof blended Scotch whiskies from Scotland; Glen Breton Canadian whiskies from Nova Scotia; Five Farms Irish Cream Liqueur from the UK; Tequila Rose Strawberry Cream, 360 Vodka and Holladay Bourbon from the USA; Giffard Liqueurs from France; Zubrowka Vodka from Poland and Becherovka from the Czech Republic.

Beer, Cider, and RTD Portfolio:

In the beer, cider, and ready-to-drink (RTD) categories, Trajectory represents Darling Mimosa, Protini Beverages from Ontario; Mountain Joe Hard Coffee, ESA Cocktails, Solmano Craft Cocktails, Stickler Shrub Cocktails, Sunday Session RTDs and Jasper Brewing Company from Alberta, and Warsteiner and Konig Ludwig from Germany.

For more information, please contact:

Andrew Howard	Basman Alias
President & CEO	Chief Financial Officer
ahoward@diamondwines.com	balias@diamondwines.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308014

FAQ

What did Diamond Estates Wines & Spirits (DWWEF) announce about its credit agreement on August 4, 2026?

Diamond Estates announced a Ninth Amendment to its Second Amended and Restated Credit Agreement with Bank of Montreal, effective July 31, 2026. According to Diamond Estates, the amendment extends the SARCA maturity date to October 30, 2026, with existing interest rates maintained.

When does Diamond Estates’ amended SARCA with Bank of Montreal now mature?

The amended SARCA now matures on October 30, 2026. According to Diamond Estates, the Ninth Amendment effective July 31, 2026, extended the prior maturity date while leaving the existing interest rate structure unchanged under the Second Amended and Restated Credit Agreement.

Did Diamond Estates Wines & Spirits (DWWEF) change interest rates in the Ninth Amendment to its SARCA?

No, interest rates were not changed in the Ninth Amendment. According to Diamond Estates, the interest rates under the Second Amended and Restated Credit Agreement remain the same as in the last amendment, while the maturity date was extended to October 30, 2026.

Who is Diamond Estates’ lending partner under the Second Amended and Restated Credit Agreement?

Diamond Estates’ lending partner under the SARCA is Bank of Montreal. According to Diamond Estates, the company entered into a Ninth Amendment with Bank of Montreal effective July 31, 2026, extending the maturity of this credit agreement to October 30, 2026.

What is the significance of the Ninth Amendment to Diamond Estates’ SARCA for DWWEF shareholders?

The Ninth Amendment extends Diamond Estates’ SARCA maturity to October 30, 2026 without raising interest rates. According to Diamond Estates, this reflects ongoing support from Bank of Montreal as the company continues executing its strategic and financial priorities within its existing credit framework.

What businesses and brands does Diamond Estates Wines & Spirits (DWWEF) operate in Canada?

Diamond Estates produces wines and ciders and acts as a sales agent for over 120 beverage alcohol brands. According to Diamond Estates, it operates four Canadian facilities and markets brands such as 20 Bees, Creekside, D’Ont Poke the Bear, Shiny Apple Cider and many international labels.