Zedcor Inc. Announces New Increased $50 Million Credit Facility
Zedcor (ZDCAF) announced a new $50 million revolving credit facility with National Bank of Canada on October 6, 2025, replacing its prior $30 million facility, the PR states.
According to the company, the facility provides $23.2 million of additional committed capital, refinances $26.8 million of existing debt, offers an accordion for an extra $25 million, and matures three years from closing. The PR states interest is reduced by ~75 basis points to Prime + 0.75% with monthly interest‑only payments and contains covenants: Net Funded Debt/EBITDA 3.5x and Fixed Charge Coverage Ratio 1.15x. The PR also notes a departure of Tony Ciarla, President Corporate Development.
Zedcor (ZDCAF) ha annunciato il 6 ottobre 2025 una nuova linea di credito revolving da 50 milioni di dollari con la National Bank of Canada, sostituendo la precedente struttura da 30 milioni, secondo un comunicato stampa.
Secondo l'azienda, la linea prevede 23,2 milioni di capitale impegnato aggiuntivo, rifinanzia 26,8 milioni di debito esistente, offre un accordion per ulteriori 25 milioni e scade tre anni dal closing. Il comunicato stampa indica che gli interessi sono ridotti di circa 75 basis point a Prime + 0,75% con pagamenti mensili solo interessi e contiene covenant: Net Funded Debt/EBITDA 3,5x e Fixed Charge Coverage Ratio 1,15x. Il comunicato nota anche l'addio di Tony Ciarla, Presidente Corporate Development.
Zedcor (ZDCAF) anunció el 6 de octubre de 2025 una nueva línea de crédito revolvente de 50 millones de dólares con National Bank of Canada, reemplazando su anterior facilidad de 30 millones, según un comunicado de prensa.
Según la compañía, la facilidad proporciona 23,2 millones de capital comprometido adicional, refinancia 26,8 millones de deuda existente, ofrece un acorde para un extra de 25 millones y vence tres años desde el cierre. El comunicado indica que la tasa de interés se reduce en aproximadamente 75 puntos básicos a Prime + 0,75% con pagos mensuales solo de intereses y contiene convenants: Net Funded Debt/EBITDA 3,5x y Fixed Charge Coverage Ratio 1,15x. El comunicado también señala la salida de Tony Ciarla, Presidente de Corporate Development.
Zedcor (ZDCAF)은 2025년 10월 6일 5천만 달러의 새로운 회전 신용 한도를 National Bank of Canada와 체결했다고 발표했습니다. 이는 이전의 3천만 달러 한도를 대체합니다, 보도자료에 따라.
회사에 따르면 이 한도는 2,32천만 달러의 추가 약정 자본을 제공하고, 기존 부채 2,68천만 달러를 재융자하며, 추가로 2,5천만 달러의 어코디언(확대 가능 금액)을 제공하고, 마감일로부터 3년 만기입니다. 보도자료는 이자율이 약 75bp 포인트 하락하여 Prime + 0.75%이고 매월 이자만 납부하며, 순부채/EBITDA 3.5x, 고정비용 커버리지 비율 1.15x의 약정 조건이 포함되어 있다고 설명합니다. 보도자료는 또한 Tony Ciarla의 Corporate Development 사장직이 떠난 것을 언급합니다.
Zedcor (ZDCAF) a annoncé le 6 octobre 2025 une nouvelle facilité de crédit renouvelable de 50 millions de dollars avec la National Bank of Canada, remplaçant son ancienne facilité de 30 millions, selon un communiqué.
Selon l'entreprise, la facilité fournit 23,2 millions de capital engagé supplémentaire, refinancie 26,8 millions de dette existante, offre un accord supplémentaire pour 25 millions et arrive à maturité trois ans après la clôture. Le communiqué indique que le taux d'intérêt est réduit d'environ 75 points de base à Prime + 0,75% avec des paiements mensuels d'intérêts uniquement et comprend des covenants : Net Funded Debt/EBITDA 3,5x et Fixed Charge Coverage Ratio 1,15x. Le communiqué note également le départ de Tony Ciarla, Président Corporate Development.
Zedcor (ZDCAF) kündigte am 6. Okt. 2025 eine neue revolvierende Kreditfazilität über 50 Millionen Dollar mit der National Bank of Canada an, die die vorherige 30 Millionen ersetzt, so die Pressemitteilung.
Laut dem Unternehmen bietet die Fazilität 23,2 Millionen zusätzliche zugesagte Mittel, refinanziert 26,8 Millionen bestehende Verbindlichkeiten, ermöglicht eine zusätzliche Aufstockung von 25 Millionen und läuft drei Jahre nach dem Closing. Die Pressemitteilung besagt, dass der Zinssatz um ca. 75 Basispunkte auf Prime + 0,75% gesenkt wird, mit monatlichen Zinszahlungen nur Zinszahlungen und enthält Covenants: Net Funded Debt/EBITDA 3,5x und Fixed Charge Coverage Ratio 1,15x. Die Mitteilung verweist zudem auf den Weggang von Tony Ciarla, President Corporate Development.
Zedcor (ZDCAF) أعلنت في 6 أكتوبر 2025 عن تسهيل ائتماني دائري جديد بقيمة 50 مليون دولار مع البنك الوطني في كندا، ليحل محل تسهيله السابق بقيمة 30 مليون دولار، وفقاً لبيان صحفي.
وفقاً للشركة، يقدم التسهيل 23.2 مليون دولار من رأس المال الملتزم الإضافي، ويعيد تمويل 26.8 مليون دولار من الدين القائم، ويتيح سعة إضافية قدرها 25 مليون دولار، ويصبح مُصَفَّى من تاريخ الإغلاق لمدة ثلاث سنوات. يقول البيان إن الفائدة ستنخفض بنحو 75 نقطة أساس إلى Prime + 0.75% مع دفعات فائدة شهرية فقط، ويحتوي على قيود: Net Funded Debt/EBITDA 3.5x وFixed Charge Coverage Ratio 1.15x. كما يشير البيان إلى رحيل توني سيرلا، رئيس تطوير الشركات.
Zedcor (ZDCAF) 于 2025 年 10 月 6 日宣布与加拿大国家银行（National Bank of Canada）达成一项新的 5000 万美元 循环信贷额度，取代原有的 3000 万美元额度，新闻稿称。
据公司称，该额度提供额外的 2320 万美元的承诺资本，重组 2680 万美元的现有债务，提供额外的 2500 万美元扩张空间，且自成交之日起三年到期。新闻稿称利率将下降约 75 个基点，至 Prime + 0.75%，按月仅付息，并包含以下 covenant：净资金债务/EBITDA 3.5x，固定费用覆盖率 1.15x。新闻稿还提到 Tony Ciarla 的企业发展总裁离任。
- Available debt capacity increased to $50 million
- $23.2 million of additional committed capital, per PR
- ~75 bps reported reduction in interest rate to Prime + 0.75%
- Accordion feature for an extra $25 million (undrawn, no fees until drawn)
- Monthly interest-only payments for near-term cash flexibility
- $26.8 million of existing debt will be refinanced (not all new liquidity)
- First charge security over present and future assets (encumbrance)
- Financial covenants: Net Funded Debt/EBITDA 3.5x and FCCR 1.15x
- Departure of Tony Ciarla, President Corporate Development
Calgary, Alberta--(Newsfile Corp. - October 6, 2025) - Zedcor Inc. (TSXV: ZDC) ("Zedcor" or the "Company") is pleased to announce that it has entered into an agreement for a new
Entering into the Credit Facility significantly increases Zedcor's access to non-dilutive capital, strengthening the Company's balance sheet and positioning it to continue executing on its strategic growth plan. The Credit Facility requires monthly interest-only payments, providing enhanced financial flexibility at a more efficient cost of capital.
Highlights of the Credit Facility Include:
- Expanded Capital Availability: Increases available debt capacity to
$50 million , up from$30 million under prior facilities, with an accordion feature for an additional$25 million . The accordion feature is not subject to fees until drawn.
- Extended Maturity: The new facility matures three years from closing, compared with the previous facility's December 2027 maturity.
- Supportive Covenants: Net Funded Debt to EBITDA of 3.5x and a Fixed Charge Coverage Ratio of 1.15x, providing greater operating flexibility.
- Improved Interest Rate: Interest rate reduced by approximately 75 basis points annually, depending on the Company's leverage ratio.
The Credit Facility is secured with a first charge over the Company's present and future assets, and other standard financial and non-financial security consistent with the previous facility. Given the Company's current financial position and projected financial performance, together with its expectations regarding interest rates, Zedcor expects the Credit Facility to immediately lower its interest payable by approximately 75 bps from Prime +
Todd Ziniuk, President and CEO of Zedcor commented: "We are pleased to welcome National Bank of Canada as a new lending partner. This expanded facility provides Zedcor with flexible, non-dilutive capital at an optimized cost, supporting both our near-term growth initiatives and long-term strategy. With leverage well below covenant thresholds, we have significant capacity to fund expansion while maintaining financial discipline. Demand for our solutions in Canada and the United States continues to grow, and we continue to scale our manufacturing capacity to meet this opportunity. The Credit Facility will allow us to execute our core business plan while advancing enhancements to our hardware and customer service platform. We remain committed to driving industry-leading security outcomes and service levels for our customers."
Management Changes
Zedcor announces that Tony Ciarla, President Corporate Development, has departed from the Company. Zedcor would like to thank him for his dedication to the Company and wishes him continued success in future endeavors.
About Zedcor Inc.
Zedcor Inc. is disrupting the traditional physical security industry through its proprietary MobileyeZTM security towers by providing turnkey and customized mobile surveillance and live monitoring solutions to blue-chip customers across North America. The Company continues to expand its established platform of MobileyeZ™ towers in Canada and the United States, with emphasis on industry leading service levels, data-supported efficiency outcomes, and continued innovation. Zedcor services the Canadian market through equipment and service centers currently located in British Columbia, Alberta, Manitoba, and Ontario. The Company continues to advance its U.S. expansion which now has the capacity to service markets throughout the Midwest and West Coast with locations throughout Texas and in Denver, Colorado, Phoenix, Arizona and Las Vegas, Nevada.
Forward-Looking Statements
Certain statements included in this news release constitute forward-looking statements or forward-looking information, including the effect of the Credit Facility on the Company's business, expectations regarding the interest rate payable under the Credit Facility, expectations regarding the use of proceeds from the Credit Facility, expectations regarding available debt capacity and operating flexibility, expectations regarding growth initiatives and strategy, and expectations regarding customer demand and scaling of manufacturing capacity. Forward-looking statements or information may contain statements with the words "anticipate", "believe", "expect", "continue", "plan", "intend", "estimate", "propose", "budget", "should", "project", "would", "may" or similar words suggesting future outcomes or expectations, including negative or grammatical variations thereof. Although the Company believes that the expectations implied in such forward-looking statements or information are reasonable, undue reliance should not be placed on these forward-looking statements because the Company can give no assurance that such statements will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of assumptions about the future and uncertainties. These assumptions include anticipated manufacturing capacity and expected fleet numbers, expected utilization rates, customer growth, the impact of tariffs on the Company's business and customer buying trends, and changes in the regulatory environment and political landscape in each of Canada and the United States. Although management believes these assumptions are reasonable, there can be no assurance that they will prove to be correct, and actual results will differ materially from those anticipated. For this purpose, any statements herein that are not statements of historical fact may be deemed to be forward-looking statements. The forward-looking statements or information contained in this news release are made as of the date hereof and the Company assumes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new contrary information, future events or any other reason, unless it is required by any applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
For further information contact:
Todd Ziniuk
President and Chief Executive Officer
P: (403) 930-5430
E: tziniuk@zedcor.com
Amin Ladha
Chief Financial Officer
P: (403) 930-5430
E: aladha@zedcor.com
Neither 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/269176
FAQ
What did Zedcor (ZDCAF) announce on October 6, 2025 regarding its credit facility?
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