DIRTT secures C$15M BDC loan to refinance 6% convertible debentures due Jan 2026

DIRTT ENVIRONMENTAL SOLUTIONS LTD

Loan of up to C$15M from BDC: initial C$10M disbursement, secondary C$5M.
Interest rate equals BDC's floating base rate (currently 6.55%) minus 0.75% per annum.
Loan matures April 30, 2032; monthly principal payments begin May 2026.
Proceeds to partially refinance outstanding 6% convertible debentures (C$15M loan + C$1.6M cash).
Secured by general security agreement, guarantee, and first mortgage on Chicago property (US$5M).

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

DIRTT ENVIRONMENTAL SOLUTIONS LTD incurred loan of up to C$15.0 million with Business Development Bank of Canada at BDC's Floating Base Rate (currently 6.55% per annum) minus 0.75% maturing April 30, 2032.

Instrument: loan
Principal: up to C$15.0 million
Counterparty: Business Development Bank of Canada
Rate: BDC's Floating Base Rate (currently 6.55% per annum) minus 0.75%
Maturity: April 30, 2032
Event: incurrence

Exact text from the filing

On December 11, 2025, DIRTT Environmental Solutions Ltd. (the “Company”) entered into a letter of offer (the “Letter”) with Business Development Bank of Canada (“BDC”) pursuant to which BDC committed to lending the Company up to C$15.0 million (the “Loan”) subject to the satisfaction of certain conditions.

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Source: SEC EDGAR

accession 0001193125-25-316173

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