NowVertical Group Inc. announced a new credit agreement with The Toronto-Dominion Bank for a CAD 7 million credit facility and closed the previously announced agreements to acquire 100% of the issued and outstanding securities of two U.K. based data analytics solution providers, Acrotrend Solutions and Smartlytics. Terms of TD Bank Facility: Effective December 30, 2022, the New Facility is a single draw term loan amortized over a 5-year period following the date of the advance. The New Facility bears a floating interest rate by way of the Sterling Overnight Index Average (SONIA) plus 2.5% on drawn amounts and has no prepayment penalty.

Export Development Canada has further partnered with NOW by providing its Export Guarantee Program solution to TD Bank in connection with the New Facility.