Lumine Group Inc. announced that it has entered into a revolving credit facility agreement with a syndicate of Canadian and US financial institutions (the Facility) to provide long-term financing to support the Company?s operating needs and acquisition pipeline. The Facility amount is USD 310,000,000 with a USD 50,000,000 uncommitted accordion to grow the facility if required. The Facility is collateralized by substantially all the assets of certain direct and indirect subsidiaries of the Company and contains covenants based on the financial position and financial performance of the Ring-Fenced Subsidiaries.

The covenants include a maximum leverage ratio and an interest coverage ratio. The Facility maturity date is March 21, 2027 and bears an interest rate which varies based on SOFR, CORRA or prime rates, plus applicable spreads based on the leverage ratio. The syndicate of Canadian and US financial institutions is led by Bank of Montreal, and includes the following lenders: Fédération des Caisses Desjardins du Québec, the Toronto-Dominion Bank, Wells Fargo Bank N.A., Citibank N.A., and PNC Bank Canada.