DIRTT Environmental Solutions Reports C$15M BDC Facility Fully Funded

What Happened
DIRTT Environmental Solutions Ltd. announced it received the final C$5.0 million disbursement on September 18, 2026, completing the full C$15.0 million gross financing commitment under its secured term loan with the Business Development Bank of Canada (BDC). The loan (the “BDC Facility”) matures April 30, 2032 and carries interest at BDC’s floating base rate less 0.75%. The company also disclosed that Royal Bank of Canada issued an irrevocable standby letter of credit in favor of BDC for the account of DIRTT.

Key Details

• C$15.0 million total gross commitment under the BDC Facility; final C$5.0M disbursed Sept 18, 2026.
• Term loan maturity: April 30, 2032; interest: BDC floating base rate minus 0.75%.
• Letter of Credit: issued Sept 15, 2026 by Royal Bank of Canada for C$3.5 million; one‑year term with automatic one‑year renewals unless non‑renewed.
• Company furnished a press release announcing the funding on Sept 21, 2026 and filed the 8‑K on Sept 23, 2026.

Why It Matters
This filing confirms DIRTT has secured and drawn its full committed financing, increasing available liquidity and creating a new secured long‑term debt obligation. Investors should note the amount (C$15.0M), the interest formula (floating base rate less 0.75%), the C$3.5M standby letter of credit that supports the facility, and the loan maturity in 2032 — all important for assessing the company’s cash position, interest exposure, and balance‑sheet commitments.