Emerge Commerce refinances CAD 5.85 million term loan with Desjardins, cuts rate to 7.3%

Bitget2026/09/23 14:08

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Emerge Commerce refinanced its CAD 5.85 million senior credit facility with Desjardins Ontario Credit Union, securing a seven-year term through September 2033.
Term Loan pricing reset to Prime + 2.85% from Prime + 6.55%, lowering the current rate to 7.3% from 11%.
Year-one cash flow savings estimated at about CAD 400,000 from lower interest, reduced refinancing costs, interest income.
Facility includes a CAD 1 million revolving line of credit at Prime + 2% for working capital.
Termination fee on the prior facility paid in 800,891 shares valued at CAD 67,275 at CAD 0.084 each.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Emerge Commerce Ltd. published the original content used to generate this news brief via CNW (Ref. ID: 202609231007CANADANWCANADAPR_C1602) on September 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Emerge Commerce refinances CAD 5.85 million term loan with Desjardins, cuts rate to 7.3%

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