Exchange Income Corporation Enters Into A New $450 Million Long-Term Debt Facility

WINNIPEG, Feb. 9, 2015 /CNW/ – Exchange Income Corporation (TSX: EIF) (the “Corporation” or “Exchange”), announced today that it has entered into a new long-term debt facility with its syndicate of banks. The facility has been increased in size from $335 million to $450 million and has a four year term. In addition to the increase in the size of the facility, the banking syndicate has been expanded to include two new banks. The Toronto-Dominion Bank will continue to serve as the lead bank in the syndicate. National Bank of Canada, Canadian Imperial Bank of Commerce, Roynat Inc. and Alberta Treasury Branches remain in the syndicate and will be joined by Export Development Canada and Laurentian Bank of Canada as syndicate members. The increased facility is an endorsement of the core strengths of Exchange’s diversified portfolio of operating companies and Exchange’s proven track record of accretive acquisitions.

“We believe this new debt facility is confirmation of the confidence that our banking syndicate has in our business model,” said Mr. Mike Pyle, CEO of Exchange. “We have been well served by our financial partners which have been led by TD Bank since our inception in 2004 and are excited about the addition of EDC and Laurentian to the syndicate. The material transactions that we have completed in the last year have increased the diversity of our operations, significantly improved our payout ratio and positioned Exchange to execute on our plan of opportunistic accretive acquisitions and organic growth of our subsidiary operations while maintaining a strong balance sheet. The new long-term debt facility will ensure we can move quickly to take advantage of further opportunities when they are identified.”