Xybion Digital Inc. announced that it has entered into an agreement for a 3-year, USD 12.2 million credit facility with National Bank of Canada dated effective August 16, 2022. The Credit Facility is undrawn as of today's date. The Credit Agreement provides Xybion with a USD 2.0 million revolving credit facility for general corporate purposes, a USD 10.0 million delayed draw credit facility to finance qualifying future acquisitions, and a CAD 200,000 credit card facility for corporate expenses.

The Credit Facility is secured by all assets of Xybion and secured and guaranteed by all existing and future subsidiaries of the Company, and contains customary representations, warranties, and covenants. The outstanding principal amount of Facility 1 and Facility 2 shall bear monthly interest at Prime Rate plus 1.00% for Canadian dollar loans and US Base Rate plus 1.00% for US dollar loans.