Diamond Estates Wines & Spirits Inc. Enters Into Seventh Amendment to Its Second Amended and Restated Credit Agreement
Diamond Estates Wines & Spirits (OTC:DWWEF) announced a Seventh Amendment to its Second Amended and Restated Credit Agreement with Bank of Montreal effective November 10, 2025. Key changes include a temporary Bulge Amount credit facility of $3,600,000 that matures on early cancellation or March 27, 2026, a limited recourse guarantee by Lassonde Industries covering up to the Bulge Amount outstanding, and amended interest pricing set at Prime +2.65% during the Temporary Bulge Period and Prime +2.40% otherwise. Management said the amendment supports the company’s ongoing financial turnaround; Q2 results are scheduled for release toward the end of November.
Diamond Estates Wines & Spirits (OTC:DWWEF) ha annunciato un Settimo Emendamento al suo Secondo Accordo di Credito Modificato e Riformulato con Bank of Montreal efficace dall'11 novembre 2025. Le modifiche chiave includono una linea di credito temporanea di tipo Bulge Amount di 3.600.000 dollari che scade in caso di cancellazione anticipata o 27 marzo 2026, una garanzia a ricorso limitato da Lassonde Industries che copre fino all'importo residuo del Bulge, e una revisione dei tassi di interesse fissata al Prime +2,65% durante il Periodo Bulge Temporaneo e Prime +2,40% in caso contrario. Il management ha detto che l'emendamento sostiene il continuo turning financial turnaround; i risultati del secondo trimestre sono previsti per la pubblicazione verso la fine di novembre.
Diamond Estates Wines & Spirits (OTC:DWWEF) anunció una Séptima Enmienda a su Segundo Acuerdo de Crédito Enmendado y Reformulado con Bank of Montreal con vigencia desde el 10 de noviembre de 2025. Los cambios clave incluyen una facilidad de crédito temporal de Bulge Amount de $3,600,000 que vence al cancelar anticipadamente o el 27 de marzo de 2026, una garantía de recurso limitado por Lassonde Industries que cubre hasta el saldo del Bulge, y una fijación de tasas de interés en Prime +2.65% durante el Periodo Bulge Temporal y Prime +2.40% en otros momentos. La dirección indicó que la enmienda respalda la recuperación financiera en curso de la empresa; los resultados del segundo trimestre están programados para fines de noviembre.
Diamond Estates Wines & Spirits (OTC:DWWEF) 은 Bank of Montreal과의 제7차 수정 및 변동된 두번째 차입계약(Second Amended and Restated Credit Agreement)을 2025년 11월 10일부로 발효시키고 발표했다. 주요 변경으로는 Bulge Amount의 임시 신용 시설이 $3,600,000이며 조기 취소 시점 또는 2026년 3월 27일에 만기, Lassonde Industries가 부담하는 Bulge Amount 잔액까지를 커버하는 한정적 구상 보증, 그리고 Temporary Bulge Period 동안 Prime +2.65%, 그 외에는 Prime +2.40%로 설정된 이자 가격 조정이 포함된다. 경영진은 이 수정이 회사의 재무 개선을 지지한다고 말했다; 2분기 실적은 11월 말쯤 발표될 예정이다.
Diamond Estates Wines & Spirits (OTC:DWWEF) a annoncé un Septième Amendement à son Second Accord de Crédit Modifié et Reformulé avec Bank of Montreal, en vigueur à partir du 10 novembre 2025. Les principaux changements incluent une facilité de crédit temporaire de type Bulge Amount de 3 600 000 $ qui arrive à échéance en cas d'annulation anticipée ou le 27 mars 2026, une garantie de recours limité par Lassonde Industries couvrant jusqu'au montant en circulation du Bulge, et une tarification d'intérêt révisée fixée à Prime +2,65% pendant la Période Bulge Temporaire et Prime +2,40% autrement. La direction a déclaré que l'amendement soutient le redressement financier en cours de l'entreprise ; les résultats du deuxième trimestre sont prévus vers la fin novembre.
Diamond Estates Wines & Spirits (OTC:DWWEF) kündigte eine Siebte Änderungs am Zweiten Geänderten und Neu Fassten Kreditvertrag mit Bank of Montreal an, wirksam ab dem 10. November 2025. Zu den wichtigsten Änderungen gehört eine vorübergehende Bulge Amount-Kreditfazilität von 3.600.000 USD, die bei vorzeitiger Kündigung oder am 27. März 2026 fällig wird, eine von Lassonde Industries gegebene beschränkte Regressgarantie, die bis zum ausstehenden Bulge-Betrag greift, und eine geänderte Zinssatzgestaltung, festgelegt auf Prime +2,65% während der Temporary Bulge Period und Prime +2,40% ansonsten. Das Management sagte, die Änderung unterstütze die laufende finanzielle Wende des Unternehmens; die Q2-Ergebnisse sollen gegen Ende November veröffentlicht werden.
Diamond Estates Wines & Spirits (OTC:DWWEF) أعلن عن التعديل السابع على اتفاقية ائتمانية معدلة ومعاد صياغتها الثانية مع بنك مونتريال، سارية اعتباراً من 10 نوفمبر 2025. تشمل التغييرات الرئيسية توفير تسهيلات ائتمانية مؤقتة من نوع Bulge Amount بمقدار 3,600,000 دولار تستحق عند الإلغاء المبكر أو 27 نوفمبر 2026، وضماناً محدوداً بالجوء تقيمه Lassonde Industries يغطي حتى الرصيد المستحق من Bulge، وتعديل سعر الفائدة المحدد عند Prime +2.65% خلال فترة Bulge المؤقتة وPrime +2.40% في غيرها. وقالت الإدارة إن التعديل يدعم التحول المالي المستمر للشركة؛ من المقرر صدور نتائج الربع الثاني في نهاية نوفمبر.
- Bulge facility of $3,600,000 added
- Guarantee provided by Lassonde Industries limits borrower burden
- Interest resets to Prime +2.40% outside temporary period
- Higher short‑term cost: Prime +2.65% during Temporary Bulge Period
- Bulge facility temporary and expires by March 27, 2026
Niagara-on-the-Lake, Ontario--(Newsfile Corp. - November 10, 2025) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates" or the "Company") announces that effective as at November 10, 2025 it entered into a further amendment (the "Seventh Amendment") to its Second Amended and Restated Credit Agreement (the "SARCA") with Bank of Montreal ("BMO"). Capitalized terms not defined below are defined in the SARCA. The notable terms of the Seventh Amendment are as follows:
- Credit Facilities. The establishment of a bulge amount credit facility (the "Bulge Amount") of
$3,600,000 which matures on the date ("Temporary Bulge Period") that is the earlier of (a) the date on which Diamond requests in writing that the Temporary Bulge Period be cancelled and terminated (provided that such early termination shall not cause any Credit Excess (as defined in the SARCA) to exist and (b) March 27, 2026; - Limited Guarantee. The addition of a limited recourse guarantee granted by Lassonde Industries Inc., in favour of BMO in an aggregate amount not exceeding the Bulge Amount then outstanding under the RT Facility.
- Interest Rates. The interest rates have been amended to be Prime Rate plus
2.65% during the Temporary Bulge Period and Prime Rate plus2.40% at all other times.
"We want to thank Bank of Montreal for its ongoing support as Diamond continues its financial turnaround, as reflected in our Fiscal 2024/25 March 31 year end and Q1 results," said Andrew Howard, President and CEO of Diamond. The Company will be releasing its Q2 results towards the end of November.
About Diamond Estates Wines and Spirits Inc.
Diamond Estates Wines and Spirits Inc. 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 production 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, 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 and Cielo from Italy; Porta 6, Julia Florista, Boas Quintas, Catedral, and Cabeca de Toiro from Portugal; 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 Tag Vodka, Ginslinger Gin, and Barnburner Whisky from Ontario; Cofradia Tequila and Hussong's Tequila from Mexico; Islay Mist and Waterproof blended Scotch whiskies from Scotland; Glen Breton Canadian whiskies from Nova Scotia; Five Farms Irish Cream Liqueur and Broker's Gin from the UK; Tequila Rose Strawberry Cream, 360 Vodka, and Holladay Bourbon from the USA; Giffard Liqueurs from France; and Becherovka from the Czech Republic.
Beer, Cider, and RTD Portfolio:
In the beer, cider, and ready-to-drink (RTD) categories, Trajectory represents Bench Beer, Henderson Beer, Niagara Craft Cider, TAG and Ginslinger RTDs, and Darling Mimosas from Ontario; Rodenbach beer from Belgium; La Trappe beer from the Netherlands; and Warsteiner beer from Germany.
For more information, please contact:
Andrew Howard
President & CEO
ahoward@diamondwines.com
Contact number: 905-685-5673
Basman Alias
Chief Financial Officer
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273897
FAQ
What did Diamond Estates (DWWEF) announce on November 10, 2025 regarding its credit agreement?
How long does the $3,600,000 Bulge Amount for DWWEF last?
What are the new interest rates under Diamond Estates' amended credit terms?
Who guarantees the Bulge Amount under Diamond Estates' amended loan?
Does the Seventh Amendment materially change Diamond Estates' financing capacity?
When will Diamond Estates release Q2 results after the amendment?
