H2O Innovation announces the closing of a $ 55 million credit facility with the National Bank of Canada

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QUEBEC, 06 Dec. 2021 (GLOBE NEWSWIRE) – (TSXV: HEO) – H 2 O Innovation Inc. (“H 2 O Innovation ”or the“ Company ”) is proud to announce that it has entered into an agreement with the National Bank of Canada to increase its revolving credit facility to $ 55 million. In addition, the duration of this facility has been extended until December 1. , 2024.

The revolving facility is used to fully repay outstanding term loans with National Bank of Canada in the amount of approximately $ 14.5M and the remaining amount is available for general corporate purposes such as the fund. working capital, authorized acquisitions and capital expenditures.

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“This new credit facility demonstrates the continued support of the National Bank of Canada. It will offer greater flexibility to the Company’s operations and will support the acquisition strategy described in our three-year Strategic Plan ”, declared
Frédéric Dugré, President and Chief Executive Officer of H 2 Innovation.

Prospective disclosure

Certain statements in this press release concerning the operations and activities of H 2 O Innovation and the Company’s other communications to the public which more generally describe management objectives, projections, estimates, expectations or forecasts may constitute forward-looking statements within the meaning of securities legislation. Forward-looking statements relate to analysis and other information based on forecasts of future results, performance and achievements and the estimation of amounts that cannot yet be determined. These forward-looking statements, based on management’s current expectations, involve a number of risks and uncertainties, known and unknown, which may cause actual and future results, performances and achievements of the Company to differ materially from these statements. prospective. -forward-looking statements, such as the repayment of the revolving facility according to the term of the credit agreement and the achievement of the acquisition strategy proposed in the Company’s three-year strategic plan. Information on the risk factors to which the Company is exposed is provided in the Annual Information Form dated September 27, 2021 available on SEDAR (www.sedar.com).

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About H 2 Innovation
Innovation is in our name, and that’s what drives the organization. H 2 O Innovation is a comprehensive water solutions company focused on providing cutting-edge technologies and services to its customers. The Company’s activities are based on three pillars: i) Water Technologies & Services (WTS) applies membrane technologies and engineering expertise to provide equipment and services to municipal and industrial water, wastewater and reuse of water, ii) Specialty Products (SP) is a collection of companies that manufacture and supply a full line of specialty chemicals, consumables and engineered products for the global water treatment industry. water, and iii) Operation and Maintenance (O&M) provides contractual operations and associated services for water and wastewater treatment systems. Through innovation, we strive to simplify water. For more information, visit www.h2oinnovation.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor NYSE Euronext Growth Paris accepts responsibility for the adequacy or accuracy of the this release.

Source:

H 2 O Innovation inc.
www.h2oinnovation.com

Contact:

Marc Blanchet
+1 418-688-0170
[email protected]

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