FLINT Corporation Announces Extension of Credit Facility and Debt Maturities

In a significant finance update from CALGARY, Alberta, FLINT Corporation ("FLINT" or the "Company") FLNT disclosed strategic amendments to its debt arrangements. Announced on May 31, 2024, these changes include the extension of the maturity dates for its debt instruments. This move signals FLINT's proactive management of its financial structure and an effort to solidify its long-term financial stability.

Extended Revolving Credit Facility with TD Bank

FLINT has successfully renegotized the terms of its Asset-Based Revolving Credit Facility, originally set up with The Toronto-Dominion Bank ("TD Bank") TD. The facility, which allows the company to borrow up to $50 million, has had its maturity date pushed further into the future. TD Bank, renowned for offering comprehensive personal and commercial banking services in Canada and the United States, remains a crucial financial partner for FLINT.

Reneogtiated Term Loans and Debentures

Alongside the revised credit facility, FLINT also announced extensions for its term loans and the Senior Secured Debentures. These funds play a vital role in FLINT's growth and investment strategies. By extending the maturity dates, FLINT ensures more manageable repayment schedules and demonstrates confidence in its financial health and project pipelines.

The extension of these financial instruments is part of FLINT's broader strategy to maintain a robust and flexible financial base, enabling the company to navigate market conditions efficiently and meet its long-term objectives.

FLINT, Credit, Extension