Mr. Willy Janzen reports

BUHLER INDUSTRIES RECEIVES ADDITIONAL FINANCING

Buhler Versatile Inc., a wholly owned subsidiary of Buhler Industries Inc., has received $14.4-million (Canadian) ($10.7-million (U.S.)) in additional long-term financing from its majority owner, Basak Traktor Tarim Ziraat Ve Is Makinalari Sanayi Ticaret A.S. Basak Tractor recently acquired majority ownership in Buhler Industries and is fully supportive in growing sales in Buhler Industries. Basak Tractor is a wholly owned subsidiary of ASKO Holding. Buhler Industries negotiated favourable terms with Basak Tractor and has the ability to repay the debt sooner than full term. A portion of the loan expires in 2025, with full repayment due in 2028.

In addition, the company continues to negotiate its credit facilities with Canadian Imperial Bank of Commerce. A portion of the credit facility was paid at the time of the takeover on Dec. 28, 2023.

About Buhler Industries Inc.

Buhler Industries is headquartered in Winnipeg, Man., Canada, and is a publicly traded company on the Toronto Stock Exchange. The company manufactures and distributes its product through several brand names, including Versatile and Farm King. The Versatile line of equipment consists of tractors and tillage. Farm King supplies augers, mowers, bale carriers, snowblowers and compact implements. The company has manufacturing facilities and warehouses in both Canada and the United States.

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