Mr. Willy Janzen reports

BUHLER INDUSTRIES ANNOUNCES NEW $60M CREDIT FACILITY

Buhler Industries Inc. has entered into a new credit facility with Citi allowing the company to borrow up to $60-million with an additional uncommitted accordion of up to $20-million for total availability of up to $80-million. The new asset-based lending facility has a term of three years and is extendable subject to approval by the lenders. The loan is subject to a maximum draw and based on a borrowing base calculated as a percentage of eligible accounts receivable and inventory. The new credit facility replaces the company's previously held credit facility which was paid out in its entirety in July, 2024.

The credit facility will be used to finance operations including investment in research and development. The facility is secured by a general security agreement and assignment of specific receivables and inventory in Canada and the United States.

Furthermore, Buhler Industries has already received a $45-million credit facility with Farm Credit Canada (FCC). Under the terms of the agreement, FCC provided a $35-million mortgage to the company. The company has already drawn $25-million to repay its line of credit in July. A further draw of $10-million is for operations and/or the repayment of related party debt. The mortgage is amortized over a 15-year term and has no principal repayment in the first year. In addition, FCC will provide a $10-million revolving loan to the company for investment in capital expenditures.

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, snow blowers and compact implements. The company has manufacturing facilities and warehouses in both Canada and the United States.

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