mdf commerce inc. announced that it has amended and extended the revolving facility under the Credit Agreement effective as of September 29, 2023. The maturity date is extended from August 31, 2024 to October 1, 2025 and the revolving facility total commitment is reduced to $30 million from the previous $50 million, while interest rates and other terms remain substantially unchanged. The Corporation?s decision to reduce the borrowing commitment available under the revolving facility by $20 million is attributable to the improvement in the Corporation?s liquidity position.

Reducing the stand-by fees on the unused portion of the revolving facility is aligned with focus on profitability and cost saving measures previously announced.