STOCK TITAN

DIRTT receives final C$5M of C$15M loan

The secured term loan matures April 30, 2032, at BDC’s floating base rate less 0.75%.

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

DIRTT Environmental Solutions Ltd. (DRTTF) received the final C$5.0 million disbursement under its Business Development Bank of Canada (BDC) facility on September 18, 2026, bringing total financing received to the full C$15.0 million gross commitment. The secured term loan matures April 30, 2032, and bears interest at BDC’s floating base rate less 0.75%.

As a condition to the funding, Royal Bank of Canada issued an irrevocable standby letter of credit in favor of BDC for DIRTT’s account, for C$3.5 million. BDC may draw on it upon written demand in the form specified in the letter, including through partial or multiple drawings. The letter has an initial term of one year and automatically extends for successive one-year periods unless Royal Bank gives notice of non-renewal. CEO Benjamin Urban said the financing strengthens liquidity and provides additional financial flexibility as DIRTT pursues its transformation and growth initiatives.

Positive

  • None.

Negative

  • None.
Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Total BDC financing received C$15.0 million Full gross financing commitment
Final BDC disbursement C$5.0 million Received September 18, 2026
Letter of credit C$3.5 million Issued in favor of BDC for DIRTT’s account
Loan maturity April 30, 2032 BDC secured term loan facility
Interest rate BDC’s floating base rate less 0.75% BDC secured term loan facility
Initial letter of credit term One year Automatically extends for successive one-year periods unless the lender gives notice of non-renewal
secured term loan facility financial
"a secured term loan facility that matures on April 30, 2032"
A secured term loan facility is a lump-sum loan a company borrows for a set period and repays on a fixed schedule, backed by specific assets (collateral) that lenders can claim if the borrower defaults. Investors care because it increases a company’s debt obligations and gives those lenders priority over shareholders and other creditors for repayment, affecting the company’s financial risk, cash flow flexibility, and potential returns.
floating base rate financial
"bears interest at BDC’s floating base rate less 0.75%"
irrevocable standby letter of credit financial
"issued an irrevocable standby letter of credit"
successive one-year periods financial
"automatically extended for successive one-year periods"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much financing did DIRTT (DRTTF) receive from BDC?

DIRTT received C$15.0 million under the BDC loan, including the final C$5.0 million disbursement on September 18, 2026. The company described C$15.0 million as the full gross financing commitment.

How can BDC draw on DIRTT’s letter of credit?

BDC may draw on the C$3.5 million letter of credit upon written demand in the form specified in the letter. The letter permits partial or multiple drawings and has an initial term of one year, with automatic extensions for successive one-year periods unless Royal Bank of Canada gives notice of non-renewal.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates
false000134047600013404762026-09-112026-09-11

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 18, 2026

DIRTT ENVIRONMENTAL SOLUTIONS LTD.

(Exact name of Registrant as Specified in Its Charter)

Canada

001-39061

00-0000000

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

7303 30th Street S.E.

Calgary, Alberta

T2C 1N6

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (403) 723-5000

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 


 

Item 1.01. Entry into a Material Definitive Agreement.

BDC Facility Funding

On September 18, 2026, DIRTT Environmental Solutions Ltd. (the “Company”) received the final C$5.0million disbursement under the Company’s previously disclosed credit facility (the “BDC Facility”) with Business Development Bank of Canada (“BDC”). The Company has now received the full C$15.0 million gross financing commitment under the BDC Facility. As previously disclosed, the BDC Facility is a secured term loan facility that matures on April 30, 2032 and bears interest at BDC’s floating base rate less 0.75%.The terms of the BDC Facility were previously disclosed in the Company’s Current Report on Form 8-Kfiled with the Securities and Exchange Commission on December 11, 2025 and are incorporated herein by reference.

Letter of Credit

In connection with, and as a condition to receiving, the funding under the BDC Facility, Royal Bank of Canada (the “Lender”) issued an irrevocable standby letter of credit, dated September 15, 2026 (the “Letter of Credit”), in favor of BDC for the account of the Company, in an aggregate amount of C$3.5 million.

The Letter of Credit is available to BDC upon written demand in the form specified in the Letter of Credit and may be drawn upon in partial or multiple drawings. The Letter of Credit has an initial term of one year and is automatically extended for successive one-year periods unless the Lender gives notice of non-renewal.

The foregoing description of the Letter of Credit does not purport to be complete and is qualified in its entirety by reference to the full text of the Letter of Credit, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K, and is incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The disclosure provided in Item 1.01 “Entry into a Material Definitive Agreement” is incorporated by reference into this Item 2.03 as if fully set forth herein.

Item 7.01. Regulation FD Disclosure.

The Company issued a press release announcing the funding on September 21, 2026. A copy of that press release is furnished as Exhibit 99.1 to this Current Report and incorporated into this Item 7.01 by reference.

The information set forth under Item 7.01 and in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

 

 

Exhibit

 

Description

 

 

10.1

 

Letter of Credit, dated September 15, 2026, among the Company, Royal Bank of Canada and Business Development Bank of Canada.

 

 

 

99.1*

 

Press Release, dated September 21, 2026.

104

 

Cover Page Interactive Data (embedded within the Inline XBRL document).

 

*

Furnished herewith.

 

 


 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

DIRTT Environmental Solutions Ltd.

Date: September 23, 2026

By:

/s/ Fareeha Khan

Fareeha Khan

Chief Financial Officer

 

 


 

DIRTT Provides Update on Financing with BDC

Calgary, Alberta – September 21, 2026 – DIRTT Environmental Solutions Ltd. ("DIRTT" or the "Company") (TSX: DRT; OTCQX: DRTTF), a leader in industrialized construction, today announced the completion of its previously announced financing with the Business Development Bank of Canada ("BDC") under which BDC committed to lending the Company up to C$15.0 million (the "Loan").

DIRTT has received the final C$5.0 million disbursement under the Loan originally announced on December 11, 2025. This brings the total amount received under the Loan to C$15.0 million.

"Completing this financing strengthens our liquidity and provides additional financial flexibility as we continue to execute our transformation and growth initiatives," said Benjamin Urban, CEO of DIRTT. "We appreciate BDC's support and look forward to continuing our relationship."

Forward Looking Statements

Certain statements contained in this release are "forward-looking statements" within the meaning of "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934 and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). All statements, other than statements of historical fact included in this news release are forward-looking statements. When used in this news release, the words "anticipate," "believe," "expect," "intend," "may," "will," "should," "would," "could," "can," "plan," the negatives thereof and other similar expressions are intended to identify forward-looking statements. This news release contains forward-looking statements relating to the proceeds and terms of the Loan; the use of proceeds of the Loan; the effects of the financing on DIRTT's liquidity; and the Company's ability to execute on its transformation and growth initiatives.

Forward-looking statements are based on certain estimates, beliefs, expectations, and assumptions made in light of management’s experience and perception of historical trends, current conditions and expected future developments, as well as other factors that may be appropriate. Forward-looking statements necessarily involve unknown risks and uncertainties, which could cause actual results or outcomes to differ materially from those expressed or implied in such statements. Due to the risks, uncertainties, and assumptions inherent in forward-looking information, you should not place undue reliance on forward-looking statements. Factors that could have a material adverse effect on the Company's business, financial condition, results of operations and growth prospects

 


 

 

 

 

include, but are not limited to, the Company's ability to execute on its transformation plan and the risks described under the section titled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, in subsequently filed Quarterly Reports on Form 10-Q, and in the Company’s other continuous disclosure filings available under the Company’s profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. The Company's past results of operations are not necessarily indicative of future results. You should not rely on any forward-looking statements, which represent the Company's beliefs, assumptions and estimates only as of the dates on which they were made, as predictions of future events. DIRTT undertakes no obligation to update these forward-looking statements, even though circumstances may change in the future, except as required under applicable securities laws. All of the forward-looking statements herein are qualified by these cautionary statements.

 

About DIRTT

DIRTT is a leader in industrialized construction. DIRTT’s system of physical products and digital tools empowers organizations, together with construction and design leaders, to build high-performing, adaptable, interior environments. Operating in the workplace, healthcare, education, and public sector markets, DIRTT’s system provides total design freedom, and greater certainty in cost, schedule, and outcomes. DIRTT’s interior construction solutions are designed to be highly flexible and adaptable, enabling organizations to easily reconfigure their spaces as their needs evolve. Headquartered in Calgary, AB Canada, DIRTT trades on the Toronto Stock Exchange under the symbol "DRT" and on the OTCQX under the symbol "DRTTF".

 

 

 

 

 


Filing Exhibits & Attachments

3 documents

Keep reading