Kingsway Financial Services Inc. has announced a new secured term credit facility agreement, effective July 1, 2025, involving its subsidiary, Kingsway Buyer, and Roundhouse Electric & Equipment Co., Inc. The agreement, established with Main Street Bank as the lender, includes a $11 million ten-year term loan, a revolving credit facility of up to $500,000, and a non-revolving equipment guidance line of credit facility of up to $750,000. The agreement facilitates the acquisition of Roundhouse by Kingsway Buyer, with the payment and performance obligations not guaranteed by Kingsway Financial Services or its subsidiaries not party to the agreement. The facility provides strategic financial support for the acquisition and operational activities of Roundhouse.
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