05:00 PM EDT, 06/09/2025 (MT Newswires) -- Decisive Dividend ( DEDVF ) announced after close of trading Monday that it has extended the term of its $175 million syndicated credit facility by one year.

A statement noted this extension maintains the committed three-year term of the credit facility and all drawn amounts now mature in June 2028. In addition, the senior lenders agreed to increase the corporation's leverage covenant from a 3.25 times debt to adjusted EBITDA ratio to a 3.50 times debt to adjusted EBITDA ratio.

Monday's statement noted there is a $175 million overall facility with $100 million committed and an available $75 million accordion.

"The overall facility provides us with ample liquidity to fund growth in our current operations as well as opportunistically fund acquisitions when required while then being able to look to the capital markets to rebalance to our targeted 50% debt and 50% equity funding split," said Chief Financial Officer Rick Torriero. "From an M&A perspective, this credit facility gives us the ability to provide funding certainty to vendors, which differentiates us in the M&A markets we are focused in and, as a result, is strategically important in helping us achieve our growth objectives."