09:16 AM EST, 11/25/2025 (MT Newswires) -- Kits Eyecare ( KTYCF ) , a vertically integrated eyecare provider, entered Tuesday into a new three-year Asset-Based Lending (ABL) facility with Bank of Montreal, effective November 24, 2025.

A statement noted the facility provides borrowing capacity of $15 million, with the option to increase to $20 million, priced at approximately Prime + 1%.

Concurrently, KITS said it fully repaid its Business Development Bank of Canada term loan, originally issued on March 26, 2019, with an initial principal of $23.4 million and a scheduled maturity date of March 15, 2026. KITS added it completed the final $1 million payment on November 21, 2025, retiring the loan more than four months ahead of schedule. In 2025, KITS made $4.8 million year-to-date in total payments to close the facility. KITS has no outstanding long-term debt.

"As we enter our next phase of growth, we are excited to partner with one of Canada's largest banks to access cost efficient capital that allows us to scale into this growth," said Co-Founder/CEO, Roger Hardy.

Shares in KITS were modestly lower yesterday.