Ceres Global Ag Corp. Announces Amendment To Credit Facility That Supports Regenerative Agriculture Program

MINNEAPOLIS, April 7, 2025 /CNW/ - Ceres Global Ag Corp. (TSX: CRP) ("Ceres" or the "Corporation"), a global agricultural, energy and industrial products merchandising and supply chain company, announces an amendment to its credit facility led by Macquarie Group ("Macquarie"), as administrative agent on behalf of a syndicate group of lenders, including Bank of Montreal and Cooperative Rabo Bank U.A.

The amended credit facility is a sustainability-linked loan with a 0.08% interest rate deduction if Ceres achieves certain key performance indicators linked to the Corporation's regenerative agriculture initiatives. Under the amended credit facility, the maturity date was extended two years to February 3, 2027.

"This sustainability-linked loan is a validation of our OREGEN™ regenerative agriculture program, which is proving to be an important initiative that has enabled Ceres to forge strong relationships with farmers and deliver value to our miller customers," said Blake Amundson, Vice President and CFO at Ceres Global Ag Corp. "This offering connects growers with the agronomic tools and regenerative agriculture processes that meet the increasing demand from millers for regen ag products. This has been a key differentiator for Ceres, enabling us to win supply agreements with some of the world's leading grain millers."

"We have been focused on enabling and facilitating connections across the supply chain through our OREGEN™ program. Understanding the needs of our mill customers, and ultimately the consumer packaged goods companies and retailers that they serve, has allowed us to deploy solutions at the farm that add value to both the miller and our grower partners," added Jeff Wildeman, Managing Director of Regenerative Agriculture & Origination at Ceres. 

"Ceres has emerged as a leader in regenerative agriculture, which is becoming an important part of the grain supply chain to meet consumer demand," said John Spillane, Senior Managing Director in Macquarie's Commodities and Global Markets business. "Through this credit facility, we are pleased to support Ceres in its business growth and this important sustainability initiative."

About Ceres Global Ag Corp.

Ceres and its subsidiaries add value across agricultural, energy and industrial supply chains through efficient sourcing, storing, transporting and marketing of high‐quality agricultural commodities, value‐added products and raw materials. Leveraging its network of commodity logistics centers and team of industry experts, Ceres connects farmers to customers around the world.

Ceres is headquartered in Golden Valley, Minnesota, and together with its affiliated companies, operates 10 locations across Saskatchewan, Manitoba, and Minnesota. These facilities have an aggregate grain and oilseed storage capacity of approximately 29 million bushels. The Corporation also owns membership interests in three agricultural joint ventures that have an aggregate grain and oilseed storage capacity of approximately 16 million bushels.

Ceres has a 50% interest in Savage Riverport, LLC (a joint venture with Consolidated Grain and Barge Co.), a 50% interest in Berthold Farmers Elevator, LLC (a joint venture with The Berthold Farmers Elevator Company), a 50% interest in Farmers Grain, LLC (a joint venture with Farmer's Cooperative Grain and Seed Association), a 41.6% interest in Gateway Energy Terminal (an unincorporated joint venture with Steel Reef Infrastructure Corp.), and a 25% interest in Stewart Southern Railway Inc. (a short‐line railway located in southeast Saskatchewan with a range of 130 kilometers).

For more information about Ceres, please visit www.ceresglobalagcorp.com

Cautionary Notice: This news release contains "forward‐looking information" within the meaning of applicable Canadian securities legislation and United States securities laws. Forward‐looking information may include, but is not limited to, statements regarding future operations and results, anticipated business prospects and financial performance of Ceres and its subsidiaries, including the plans, costs, timing and capital for the further development of the Northgate Commodities Logistics Centre, expectations or projections about the future, strategies and goals for growth, expected and future cash flows, costs, planned capital expenditures, the amount of expected write-downs, regulatory change, general economic political and market conditions anticipated capital projects, construction and completion dates, operating and financial results, critical accounting estimates, the expected financial and operational consequences of future commitments. Generally, forward‐looking information can be identified by the use of forward‐looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", "believes", "may have implications" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward‐looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward‐looking information. Key assumptions upon which such forward‐looking information is based are listed in the "Forward‐Looking Information" section of the MD&A for the period ended December 31, 2024. Many such assumptions are based on factors and events that are not within the control of Ceres and there is no assurance they will prove to be correct. Factors that could cause actual results to vary materially from results anticipated by such forward‐looking information include, among others, risks related to weather, politics and governments, changes in environmental and other laws and regulations, competitive factors in agricultural, food processing and feed sectors, construction and completion of capital projects, labor, equipment and material costs, access to capital markets, interest and currency exchange rates, technological developments, global and local economic conditions, the ability of Ceres to successfully implement strategic initiatives and whether such strategic initiatives will yield the expected benefits, the operating performance of the Corporation's assets, the availability and price of commodities and regulatory environment, processes and decisions. Although Ceres has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward‐looking information, there may be other factors that cause actions, events or results that are not anticipated, estimated or intended. There can be no assurance that forward‐looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Ceres undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward‐looking information.

SOURCE Ceres Global Ag Corp.

For more information, please contact: Tom Coyle, Interim President and CEO, Ceres Global Ag Corp, 952-746-6832, [email protected]; Craig MacPhail, Investor Relations, NATIONAL Public Relations 416‐586‐1938, [email protected]