(The press wire)
Thetford Mines, Quebec –The press wire – July 20, 2021 –KDAGroup Inc. (TSXV: KDA) (“KDA”Or the“society”) Is pleased to announce that it has entered into a Letter of Commitment (the”Engagement letter”) With private debt partners (“PDP”) Respecting the terms of a new term debt financing of up to C $ 7.0 million for a term of 2 years (the“ ”Debt financing”) To replace the debt financing of the National Bank of Canada.
The Letter of Commitment specifies that Debt Financing is subject to conditions precedent, including the execution of all legal agreements including, but not limited to, a detailed credit agreement, an agreement between creditors and all security agreements.
In addition, PDP will be granted $ 420,000 in warrants in KDA, with respect to the TSX Venture Exchange (“TSXV”).
The debt financing is expected to close by July 30, 2021 and is subject to the fulfillment of certain conditions, including the final approval of any regulatory authority that each party must comply with, in particular the TSX Venture Exchange.
ABOUT THE KDA GROUP
The KDA Group is one of the leading providers of technological innovations and specialized solutions to the pharmaceutical market. Today, it is a respected name for quality and expertise among the various players in the pharmaceutical and medical sector. Its management team is guided by a vision to continue to lead the way in Quebec while expanding its activities across Canada and internationally. Additional information about the Company is available at www.kdagroup.ca and on SEDAR at www.sedar.com.
ABOUT PRIVATE DEBT PARTNERS
Private Debt Partners (PDP) is a private debt firm that focuses solely on the opportunities of the Canadian middle market. PDP creates and structures senior secured loans to high quality businesses. Additional information on PDP is available at www.privatedebt.com.
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ATTENTION REGARDING FORWARD-LOOKING STATEMENTS
This KDA Group press release contains forward-looking statements. Forward-looking statements are generally identified by the words assumption, goal, advice, goal, outlook, strategy, target, and other similar expressions, or future or conditional verbs such as goal, to anticipate, believe, to predict, could, expect, intend, may, plan, search, should, suck, and will. By their nature, forward-looking statements require us to make estimates and assumptions and to express opinions based on current conditions and expected developments, as well as other factors that management may deem appropriate in the circumstances. There is inherent uncertainty and significant risk in these estimates, assumptions and opinions, particularly of a business, economic and competitive nature, and therefore they are subject to change. KDA Group cannot guarantee that these estimates, assumptions and opinions will prove to be correct.
Neither the 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 press release.
Chief executive officer
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