Zedcor Inc. (TSXV: ZDC) has expanded its credit facility with National Bank of Canada, increasing its total committed borrowing availability from $75.0 million to $100.0 million. The company also has access to an additional uncommitted $50.0 million accordion feature, bringing its total potential borrowing capacity to $150.0 million. This move comes as Zedcor experiences strong demand for its MobileyeZ™ security towers and live monitoring solutions across North America.
The expanded credit facility will support Zedcor’s accelerated branch expansion and successful enterprise sales awards. Todd Ziniuk, President and CEO of Zedcor, expressed excitement about the expanded relationship with National Bank, highlighting the significant non-dilutive funding capacity at a critical growth period. He emphasized the company’s confidence in future cash flows, which supports its ability to utilize non-dilutive financing and maximize long-term value for shareholders.
Zedcor is a vertically integrated video monitoring solutions provider that disrupts the traditional physical security industry. The company controls every layer of its Video Surveillance as a Service (VSaaS) offering, from designing and manufacturing its proprietary security towers to supplying and installing fixed camera systems, developing software, and monitoring customer sites from operations centers in North America.
The company serves the Canadian market through equipment and service centers in British Columbia, Alberta, Manitoba, and Ontario, and continues to advance its U.S. expansion through service center locations with the capacity to service markets nationwide. Forward-looking statements in the press release include the continued expansion of Zedcor’s security and surveillance business through branch openings across the United States and the ability to service various markets in the United States, the increase in tower production and the consequent fleet expansion, and expectations regarding customer demand.