Westport Fuel Systems Inc. announced that it has refinanced a $20 million Term Loan from Export Development Canada providing for the extension of the maturity of the indebtedness to EDC and a reduction in interest rate. The new Term Loan replaces the Company's existing indebtedness to EDC of approximately $18 million under the Second Amended and Restated Facility Agreement, including the Original Term Facility and the COVID-19 Facility, with an option to draw an additional $2 million. The Term Loan extends the maturity date of the prior indebtedness to EDC to September 15, 2026, which aligns better with the Company’s investment profile. The interest rate on the Term Loan is now US Prime + 2.01% per annum and has no prepayment penalty or standby charge.