DE:CC - Decisive Dividend Corporation Announces Renewal Extension and Increase of its Credit Facilities

(TheNewswire)

September 12, 2022 – Kelowna,British Columbia: Decisive Dividend Corporation(TSXV:DE) ( “Decisive” or the “ Corporation ”) is pleased to announce that it has entered intoan agreement with its senior lenders, Canadian Western Bank and CWBMaxium Financial Inc., a wholly-owned division of Canadian WesternBank (collectively “CWB”), to increase the Corporation’s overalldebt availability from $36 million to $53 million and extend the termof the credit agreement by one year .

Comparative details of the increase in debtavailability are as follows:

"P" in the table abovedenotes prime rate

In conjunction with the increases in availabilityabove, the $7 million currently drawn on the acquisition facility willbe added to the non-amortizing term facility and will result inDecisive having $15 million in dedicated acquisition financingavailable to fund future acquisitions. The potential fixed interestrate on the repositioned $7 million in non-amortizing term debt isexpected to be in-line with the current variable rate on theacquisition facility. The 6.25% on the currently drawn $21 million ofnon-amortizing term debt remains unchanged.

The renewal and extension of the credit agreementmaintains the committed term of the agreement at three years and alldrawn amounts now mature in October 2025.

Rick Torriero, Chief Financial Officer of Decisive,noted:

“We are very pleased to announcethe renewal, extension and increase of our credit facilities with CWB.They have been a great financial partner and this first annual renewaldemonstrates their commitment to working with Decisive to help usachieve our objectives. The agreement with CWB provides flexibility tofund growth in our existing operations as well as through acquisitionopportunities, and the non-amortizing nature of each our debtfacilities with them aligns very well with our overall business model.

We do intend to maintain our overall acquisition funding target at50% debt and 50% equity, however the increased availability on theacquisition line allows us to opportunistically fund acquisitions whenrequired and then look to the capital markets to rebalance our targetdebt and equity split . Eachof the acquisitions completed to date by Decisive have been under $15million, so having $15 million in dedicated revolving acquisitionfinancing available to us is a strong competitive advantage as we look toacquire businesses from ourhealthy and growing pipelineof potential targets. ”

About Decisive DividendCorporation

Decisive Dividend Corporation is anacquisition-oriented company, focused on opportunities inmanufacturing. The Corporation’s purpose is to be the sought-outchoice for exiting legacy-minded business owners, while supporting thelong-term success of the businesses acquired, and through that,creating sustainable and growing shareholder returns. The Corporationuses a disciplined acquisition strategy to identify alreadyprofitable, well- established , high qualitymanufacturing companies that have a sustainable competitive advantage, a focus onnon-discretionary products, steady cash flows,growth potential and established, strong leadership.

FOR FURTHER INFORMATION PLEASE CONTACT:

Rick Torriero, Chief Financial Officer

#260 – 1855 Kirschner Road

Kelowna, BC V1Y 4N7

Telephone: (250) 870-9146

CautionaryStatements

Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of the contents of this News Release.

This press release containsforward-looking statements. These statements relate to the proposedrepositioning of term debt and the expectation of the interest ratethereon, which is subject to the terms of the credit agreement inplace with CWB and market interest rates at funding. Forward-lookingstatements are necessarily based upon a number of expectations andassumptions that, while considered reasonable by management at thetime the statements are made, are inherently subject to significantbusiness, economic and competitive risks, uncertainties andcontingencies, many of which are beyond the Company’s control andmany of which are subject to change. Readers are cautioned to notplace undue reliance on forward-looking statements which only speak asto the date they are made. Although management believes that theexpectations and assumptions underlying such forward-lookingstatements are reasonable, there can be no assurance that suchexpectations or assumptions will prove to be correct. A number offactors could cause actual future results, performance, achievementsand developments of the Company to differ materially from anticipatedresults, performance, achievements and developments expressed orimplied by such forward-looking statements. The forward-lookingstatements contained in this press release are made as of the datehereof and the Corporation is not obligated to update or revise anyforward-looking statements, whether as a result of new information,future events or otherwise, except as required by applicablesecurities laws. Because of the risks, uncertainties and assumptionscontained herein, investors should not place undue reliance onforward-looking information.

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