Ms. Irene Eddy reports

ACCORD ANNOUNCES BANK FACILITY UPDATE

Accord Financial Corp. has agreed to a short-term extension of its main credit facility (the bank facility) from Oct. 31, 2026, to Nov. 30, 2026. Along with the extension, the total commitment has been reduced from $70-million to $65-million. This extension will allow the company more time to continue discussions relating to a refinancing which is part of the company's previously announced efforts to restructure its balance sheet, which efforts have included implementing amendments to the company's outstanding debentures and unsecured demand and term notes held by certain noteholders. There can be no assurance that the bank facility will be successfully refinanced or further extensions to the bank facility will be made.

About Accord Financial Corp.

Accord Financial is one of Canada's most dynamic commercial finance companies providing fast, versatile financing solutions including asset-based lending, factoring, inventory finance, equipment finance and working capital loans. By leveraging the company's unique combination of deep experience and independent thinking, the company crafts winning financial solutions for small and medium-sized businesses, simply delivered, so the company's clients can thrive.

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