Zedcor Inc. Announces Expanded Banking Relationship With ATB Financial, New Credit Facility up to $30 Million and Grant of Restricted Share Units
Zedcor Inc. Announces Expanded Banking Relationship With ATB Financial, New Credit Facility up to $30 Million and Grant of Restricted Share Units
Calgary, Alberta--(Newsfile Corp. - December 18, 2024) - Zedcor Inc. (TSXV: ZDC) (the "Company" or "Zedcor") is pleased to announce that, it has entered into an expanded credit facility (the "Credit Facility") with a new primary lender for $30.0 million in total credit, representing a significant increase to the Company's existing credit facilities.
阿爾伯塔省卡爾加里--(Newsfile CORP - 2024年12月18日)- Zedcor Inc.(TSXV: ZDC)("公司"或"Zedcor")很高興地宣佈,已與一家新的主要貸方簽訂了一項擴展信貸額度("信貸額度"),總信貸金額爲3000萬,代表着公司現有信貸額度的顯著增加。
The agreement, which is fully committed for three years, consists of:
該協議爲期三年,完全承諾,包含:
A $20.0 million term loan (the "Term Loan") that is amortized over five years with monthly payments of principal and interest. The Term Loan can be drawn on two tranches: the first tranche of approximately $15.1 million will be used to repay the Company's outstanding equipment financing and term loan, and the remaining tranche of approximately $4.9 million will be used to fund capital asset purchases in 2025.
A $10.0 million revolving loan facility (the "Revolving Loan") which will be used to fund the Company's 2025 capital program, for general corporate purposes and for working capital. The Revolving Loan is not margined and Zedcor is able to draw on it at any time.
一筆2000萬的定期貸款("定期貸款"),其在五年內攤銷,每月支付本金和利息。定期貸款可分兩次提取:第一次約1510萬將用於償還公司未償還的設備融資和定期貸款,其餘約490萬將用於資助2025年的資本資產購買。
一筆1000萬的循環貸款額度("循環貸款"),將用於資助公司2025年的資本計劃、一般公司用途和流動資金。循環貸款不需要抵押,Zedcor可以隨時提取。
The Credit Facility bears interest at rates of Prime + 1.0% to Prime + 3.0% based on the Company's net funded debt to EBITDA ratio and will be calculated quarterly. The Credit Facility is secured with a first charge over the Company's current and after acquired assets and other standard financial and non-financial security.
信貸額度的利率爲基準利率+1.0%至基準利率+3.0%,基於公司的淨融資債務與EBITDA比例,並將按季度計算。信貸額度是以公司的現有及後取得的資產爲抵押,並提供其他標準的財務和非財務安防。
The agreement has the following quarterly financial covenant requirements:
該協議有以下季度財務 covenant 要求:
- A fixed charge coverage ratio of 1.15 to 1.00.
- 固定費用覆蓋比例爲1.15比1.00。
- A net funded debt to EBITDA ratio of 3.50:1.00, as at the Closing Date or as at the end of any Fiscal Quarter thereafter up to and including June 30, 2025. For any fiscal quarter ending on or after September 30, 2025, the net funded debt to EBITDA ratio will be 3.00:1.00.
- 截至截止日期或截至2025年6月30日的任何財務季度末,淨融資債務與EBITDA的比例爲3.50:1.00。對於2025年9月30日或之後結束的任何財務季度,淨融資債務與EBITDA的比例將爲3.00:1.00。
The expanded Credit Facility, as well as the increased net funded debt to EBITDA ratio flexibility until June 30, 2025 allows the Company to focus on expanding its geographical footprint in the US and to continue to expand its fleet of MobilieyeZTM in Canada. Todd Ziniuk, President and CEO of Zedcor, stated "This additional access to credit, along with internally generated cash flow, provides funding for our expansion plans in 2025, as we grow into new markets in the United States. We are seeing nearly full utilization for our MobilieyeZTM security towers and demand for our services continues to be robust in both the US and Canada. Our expansion strategy remains on track and we have ramped up our manufacturing and monitoring center operations in order to service the anticipated growth. We look forward to growing our partnership with ATB Financial to continue our mission to become North America's leading and most trusted security solutions provider."
擴大的信貸額度以及到2025年6月30日的淨融資債務與EBITDA比率靈活性,讓公司能夠專注於擴展其在美國的地理足跡,並繼續在加拿大擴大其MobilieyeZTm車隊。Zedcor的總裁兼首席執行官Todd Ziniuk表示:「這額外的信用訪問,加上內部產生的現金流,爲我們在2025年的擴展計劃提供資助,因爲我們向美國的新市場發展。我們看到我們的MobilieyeZTm安防塔幾乎完全利用,且我們的服務在美國和加拿大的需求持續強勁。我們的擴展策略保持在軌道上,我們已經加大了製造與監控中心的運營,以服務預期的增長。我們期待與ATb金融公司加強合作,繼續我們的使命,成爲北美領先且最可信賴的安防解決方案提供商。」
Appointment of Presidents of Operations
任命運營總裁
Zedcor is also pleased to announce the appointment of James Leganchuk as President Operations USA and Tony Ciarla as President Operations Canada. Mr. Leganchuk has been with Zedcor since 2011, previously serving in various executive positions. Mr. Ciarla joined Zedcor in August 2022 and was previously Executive Vice President. Both Messrs. Leganchuk and Ciarla have extensive industry knowledge of operations and sales. Mr. Leganchuk will be based out of Houston, Texas and Mr. Ciarla will be based out of the Company's headquarters in Calgary, Alberta.
Zedcor還很高興地宣佈James Leganchuk被任命爲美國運營總裁,Tony Ciarla被任命爲加拿大運營總裁。Leganchuk先生自2011年以來一直在Zedcor工作,曾擔任多個高級職務。Ciarla先生於2022年8月加入Zedcor,之前擔任執行副總裁。Leganchuk先生和Ciarla先生在運營和銷售方面擁有豐富的行業知識。Leganchuk先生將以德克薩斯州休斯頓爲基地,Ciarla先生將以公司在阿爾伯塔省卡爾加里的總部爲基地。
Issuance of Restricted Share Units
限制股份單位的發行
On December 18, 2024, 250,000 Restricted Share Units ("RSUs") were granted to newly hired employees and contractors of the Company pursuant to the Company's fixed 10% RSU/DSU plan. All of the RSUs will vest as to one third thereof on each of the first, second and third anniversaries of the date of grant. The RSUs may be settled in cash or common shares of the Company issued from treasury or purchased in the market, at the discretion of the Company's board of directors.
在2024年12月18日,250,000個限制股份單位("RSU")被授予新招募的員工和公司的承包商,依據公司的固定10% RSU/DSU計劃。所有RSU將在授予日期後第一、第二和第三個週年的每個時點以三分之一歸屬。這些RSU可以按公司的董事會的自由裁量權以現金或從國庫發行的普通股或在市場上購買的普通股進行結算。
About Zedcor Inc.
關於Zedcor Inc.
Zedcor Inc. is disrupting the traditional physical security industry through its proprietary MobileyeZTM security towers by providing turnkey and customized mobile surveillance and live monitoring solutions to blue-chip customers across North America. The Company continues to expand its established platform of over 1,300 MobileyeZ towers in Canada and the United States, with emphasis on industry leading service levels, data-supported efficiency outcomes, and continued innovation. Zedcor services the Canadian market through equipment and service centers currently located in British Columbia, Alberta, Manitoba, and Ontario. The Company continues to advance its U.S. expansion which now has the capacity to service markets throughout the Midwest with operations throughout Texas, in Denver, Colorado, and Phoenix, Arizona.
Zedcor Inc.正在通過其專有的MobileyeZTm安防塔顛覆傳統的物理安防行業,爲北美的藍籌客戶提供交鑰匙的定製移動監控和實時監測解決方案。該公司持續擴展其在加拿大和美國建立的平台,超過1,300個MobileyeZ塔,重點關注行業領先的服務水平、數據驅動的效率成果及持續創新。Zedcor通過設備和服務中心爲加拿大市場提供服務,目前位於不列顛哥倫比亞省、阿爾伯塔省、曼尼托巴省和安大略省。該公司正在推進其美國擴展計劃,目前具備爲整個Midwest市場提供服務的能力,運營遍及德克薩斯州、科羅拉多州丹佛市和亞利桑那州鳳凰城。
Forward-Looking Statements and Information
前瞻性聲明和信息
Certain statements included in this press release constitute forward-looking statements or forward-looking information. Forward-looking statements or information can be identified by terminology such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "budget", "should", "project", or similar words suggesting future outcomes or expectations. In particular, forward-looking statements and information contained in this press release, include, but are not limited to, the use of proceeds of the Credit Facility, the expansion of Zedcor's Security and Surveillance business, fleet expansion, utilization rates for the Company's security towers and general demand for the Company's services, marketing of security services and expansion of Zedcor's service offering to other geographic regions. Although the Company believes that the expectations implied in such forward-looking statements or information are reasonable, undue reliance should not be placed on these forward-looking statements or information because the Company can give no assurance that such statements or information will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of assumptions about the future and uncertainties, including current forecasts and utilization. Although management of the Company believes these expectations and assumptions reflected in these forward-looking statements or information to be reasonable, there can be no assurance that any forward-looking statements or information will be proved to be correct, and actual results may differ materially from those anticipated in such statements or information. For this purpose, any statements or information contained herein that are not statements or information of historical fact may be deemed to be forward-looking statements or information and readers should not place undue reliance on such forward-looking statements or information. The forward-looking statements or information contained in this press release are made as of the date hereof and the Company assumes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new contrary information, future events or any other reason, unless the Company is required by any applicable securities laws. The forward-looking statements or information contained in this press release are expressly qualified by this cautionary statement.
本新聞稿中包含的某些聲明構成前瞻性聲明或前瞻性信息。前瞻性聲明或信息可以通過諸如「預期」、「相信」、「期望」、「計劃」、「打算」、「估算」、「建議」、「預算」、「應該」、「項目」或類似的詞彙來識別,這些詞彙暗示未來結果或期望。特別是,本新聞稿中包含的前瞻性聲明和信息包括但不限於信貸設施收益的使用、Zedcor安防與監控業務的擴展、車隊擴展、公司安防塔的使用率及對公司服務的總體需求、安防服務的營銷及Zedcor向其他地理區域擴展其服務的提供。儘管公司相信這些前瞻性聲明或信息中暗示的期望是合理的,但不應對這些前瞻性聲明或信息抱有過度依賴,因爲公司無法保證這些聲明或信息的正確性。前瞻性聲明或信息基於當前的期望、估算和涉及一系列關於未來的假設和不確定性的預測,包括當前的預測和使用情況。儘管公司管理層相信這些前瞻性聲明或信息中反映的期望和假設是合理的,但無法保證任何前瞻性聲明或信息將被證明正確,實際結果可能與這些聲明或信息中所預期的有重大差異。爲此,本文中任何不屬於歷史事實的聲明或信息可能被視爲前瞻性聲明或信息,讀者不應對這些前瞻性聲明或信息抱有過度依賴。本新聞稿中包含的前瞻性聲明或信息自發布之日起生效,公司不承擔公開更新或修訂任何前瞻性聲明或信息的義務,無論是因新的相反信息、未來事件或其他任何原因,除非公司按適用的證券法要求進行。
For further information contact:
如需更多信息,請聯繫:
Todd Ziniuk
President & Chief Executive Officer
P: 403-930-5430
E: tziniuk@zedcor.ca
託德·齊紐克
總裁兼首席執行官
電話: 403-930-5430
郵箱: tziniuk@zedcor.ca
Amin Ladha
Chief Financial Officer
P: 403-930-5430
E: aladha@zedcor.ca
阿敏·拉達
首席財務官
電話: 403-930-5430
E: aladha@zedcor.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
TSX tsx Venture交易所及其監管服務提供商(如TSX Venture交易所的政策中所定義的那樣)不承擔此發佈的充分性或準確性的責任。
譯文內容由第三人軟體翻譯。
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