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    DXT   CA2523711091

DEXTERRA GROUP INC.

(DXT)
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Dexterra : Announces Increase to Credit Facility

09/08/2021 | 01:02pm EST

Toronto, Ontario, September 7, 2021 - Dexterra Group Inc. ('Dexterra Group' or the 'Company') (TSX: DXT.TO) announced today that it entered an amendment to its existing revolving credit facility on September 7 in the aggregate amount of $200 million, representing an increase of $25 million, and provides an increase of $50 million in an uncommitted accordion for, among other things, acquisitions up to total $125 million.

The newly amended credit facility, which includes a consortium of prominent financial institutions, has a three-year term, maturing September 7, 2024.

'We've entered into a facility that is designed to grow with our business and offer us greater flexibility. Dexterra Group has paid down debt over the past 15 months to substantially strengthen our balance sheet and is now focused on strategic growth,' says John Mac Cuish, Chief Executive Officer. 'The amendment offers more favourable terms due to the improved credit position of the Company.'

About Dexterra Group

Dexterra Group employs more than 6,000 people delivering a range of support services for the creation, management, and operation of infrastructure across Canada.

Powered by people, Dexterra Group brings best-in-class regional expertise to every challenge and delivers innovative solutions, giving clients confidence in their day-to-day operations. Activities include a comprehensive range of facilities management services, industry leading workforce accommodation solutions, innovative modular building capabilities, and other support services for diverse clients in the public and private sectors.

For further information contact:

Drew Knight, CFO

Head office: Airway Centre, 5915 Airport Rd., 4th Floor Mississauga, Ontario L4V 1T1

Telephone: (416) 767-1148

Disclaimer

Dexterra Group Inc. published this content on 08 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 September 2021 17:01:02 UTC.


ę Publicnow 2021
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Financials
Sales 2021 728 M 569 M 569 M
Net income 2021 25,8 M 20,2 M 20,2 M
Net Debt 2021 89,9 M 70,3 M 70,3 M
P/E ratio 2021 21,5x
Yield 2021 3,88%
Capitalization 545 M 426 M 426 M
EV / Sales 2021 0,87x
EV / Sales 2022 0,71x
Nbr of Employees -
Free-Float 49,3%
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Mean consensus BUY
Number of Analysts 7
Last Close Price 8,37 CAD
Average target price 11,22 CAD
Spread / Average Target 34,1%
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Managers and Directors
John Maccuish CEO & Non-Independent Director
Drew Knight Chief Financial Officer
R. William Mcfarland Chairman
Mark Alan Becker COO & President-Workforce Accommodations
Russell A. Newmark Independent Director
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