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Baylin Amends and Restates Credit Agreement to 2026
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Baylin Amends and Restates Credit Agreement to 2026
May 29, 2025 2:33 PM

05:15 PM EDT, 05/29/2025 (MT Newswires) -- Baylin Technologies ( BYLTF ) after close of trade Thursday entered into an Amended and Restated Credit Agreement with its principal lender, Royal Bank of Canada (RY.TO) to continue a $15 million secured revolving credit facility, extending the maturity date to Jan. 31, 2026.

The original date was May 30, 2025.

Other than the addition of a minimum EBITDA covenant, the terms and conditions of the Credit Agreement remain substantially similar to those of the original credit agreement dated March 29, 2019.

"We continue to be extremely grateful to Royal Bank for its continuing strong support of our business and flexibility in recognizing our business needs," said CFO Cliff Gary, "particularly in light of the uncertain trade environment."

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