06:40 AM EDT, 07/09/2024 (MT Newswires) -- Vertex Resource Group ( VTXGF ) , near 52-week lows, overnight on Monday said it reached an agreement with a syndicate of Canadian financial institutions to amend and extend its $76 million credit facilities.

The principal amendments include an extension of the maturity date from May 31, 2025, to the earlier of May 31, 2027, or six months before the maturity of the company's convertible debenture on March 7, 2027.

Also, the syndicated term loan was increased by $5 million and the accordion facility was reduced by $5 million.