Flow Capital Corp. announced that it has entered into a loan transaction for aggregate amount of CAD 17,900,000 on August 1, 2023. The transaction will include participation from certain third party lenders.

The company will issue unsecured, non-convertible, redeemable, non-voting and carry no right to participate in the earnings of the company debentures in the transaction. The transaction included participation from certain directors and officers. The debentures will be issued in multiple series bearing interest at varying floating rates, with a minimum rate of 7% and a maximum rate of 12.5% based on the applicable series of debentures, and will mature on August 1, 2043, subject to earlier redemption or retraction in certain circumstances.