Spark Power Group Inc. announced that in conjunction with the Private Placement, the Company has also closed on the previously announced upgraded credit facility with its lender, Bank of Montreal. This amended banking facility includes the following upgrades: (i) consolidates the existing term debt facilities, (ii) increases the operating line of credit by $5.0 million and expands the borrowing base, (iii) revises the amortization period for all of the long-term debt to 8 years, (iv) provides covenant relief by moving the basis of calculation to IFRS accounting standards, (v) provides additional temporary Total Debt covenant relief to allow for maximum use of the operating line of credit, and (vi) extends the maturity date of the debt facility to September 30, 2023. In addition, the Bank has agreed to waive its right to apply the proceeds of the Private Placement to permanent repayment of its Term Debt facility. Instead, the Bank has agreed to apply the entire amount to the Company's operating line of credit, making it fully available for current operating needs.