---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-316173"
form_type: "8-K"
ticker: "DRTTF"
cik: "0001340476"
company_name: "DIRTT ENVIRONMENTAL SOLUTIONS LTD"
filed_at: "2025-12-11T23:59:59+00:00"
generated_at: "2026-05-16T13:28:40.462064+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001193125-25-316173
- form_type: 8-K
- ticker: DRTTF
- cik: 0001340476
- company_name: DIRTT ENVIRONMENTAL SOLUTIONS LTD
- filed_at: 2025-12-11T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1340476/000119312525316173/0001193125-25-316173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1340476/000119312525316173/drttf-20251211.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-316173
- JSON: https://secwatch.observer/filing/0001193125-25-316173.json
- Plain text: https://secwatch.observer/filing/0001193125-25-316173.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1340476/000119312525316173/0001193125-25-316173-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.