Elevate Service Group secures $25 million acquisition facility in amended credit agreement with Canadian lender

Bitget2026/10/01 12:03

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Elevate Service Group entered an amended, restated credit agreement with a Schedule I Canadian lender, adding a $25 million acquisition facility.
Revolving operating facility increased to $7.5 million from $6 million to support working capital needs.
Facility package includes about $14.5 million of existing term debt tied to prior acquisitions.
Operating line pricing cut to prime + 1.00% from prime + 1.25%; acquisition pricing varies with leverage.
Credit facility matures May 10, 2028; leverage covenant capped at 3.50x, temporarily 3.75x post-acquisitions.

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. Elevate Service Group Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202610010800NEWSFILECNPR____20261001_316851_1) on October 01, 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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Elevate Service Group secures $25 million acquisition facility in amended credit agreement with Canadian lender

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