Intertape Polymer Group Inc. announced a new five-year $600 million credit facility pursuant to an amendment to its existing credit agreement with a syndicated lending group led by Bank of America, N.A., as Administrative Agent, and BofA Securities Inc., BMO Capital Markets Corp., JPMorgan Chase Bank, N.A., The Toronto-Dominion Bank, and Capital One, National Association, as Joint Lead Arrangers and Joint Bookrunners. The Credit Facility amends and extends the Company’s previous $600 million credit facility that was due to mature in June 2023. All dollar amounts are denominated in US dollars unless otherwise indicated. The Credit Facility consists of a $600 million revolving credit facility and includes an incremental accordion feature of $300 million, which will enable the Company to increase the limit of this facility (subject to the credit agreement's terms and lender approval) to $900 million if needed. The Credit Facility matures on June 12, 2026 and bears an interest rate that is based, at the Company’s option, on the London Inter-bank Offered Rate (or a successor rate), the Federal Funds Rate, or Bank of America’s prime rate, plus a spread. The Credit Facility provides a more favorable covenant structure and increased flexibility to the Company as compared to the previous credit facility. The Credit Facility is expected to finance capital expenditures, business acquisitions, working capital, share repurchases, and other general corporate activities.