TORONTO, Dec. 30,
2024 /CNW/ - EQB Inc. (TSX: EQB) today announced that
it has completed an agreement to amend and restate its existing
unsecured credit facilities with its syndicate of Canadian Schedule
I bank lenders (the "Restated Credit Facility").
The Restated Credit Facility was amended and restated to, among
other things, increase the total limit on the facility to
$320 million and will be fully
revolving. The maturity date for the Restated Credit Facility
is now December 30, 2027.
All terms are as defined in the Restated Credit Facility and a
copy will be filed under the Company's profile on SEDAR+
at www.sedarplus.ca
About EQB Inc.
EQB Inc. (TSX: EQB) is a leading digital financial services
company with $127 billion in combined
assets under management and administration (as at October 31, 2024). It offers banking services
through Equitable Bank, a wholly owned subsidiary and Canada's seventh largest bank by assets, and
wealth management through ACM Advisors, a majority owned subsidiary
specializing in alternative assets. As Canada's Challenger Bank™, Equitable Bank has
a clear mission to drive change in Canadian banking to enrich
people's lives. It leverages technology to deliver exceptional
personal and commercial banking experiences and services to nearly
700,000 customers and more than six million credit union members
through its businesses. Through its digital EQ Bank platform
(eqbank.ca), its customers have named it one of Canada's top banks on the Forbes World's Best
Banks list since 2021.
Please visit eqb.investorroom.com for more details.
Investor contact:
Mike Rizvanovic
Managing Director, Investor Relations
investor_enquiry@eqb.com
Media contact:
Maggie Hall
Director, PR & Communications
maggie.hall@eqb.com
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SOURCE EQB Inc.
