POLLARD BANKNOTE ANNOUNCES RENEWAL AND EXPANSION OF ITS CREDIT FACILITY

WINNIPEG, MB, Jan. 9, 2025 /CNW/ - Pollard Banknote Limited "Pollard Banknote"; (TSX: PBL) is pleased to announce that Pollard Banknote and its syndicate of lenders have executed a renewal of its secured revolving credit facility (the "Facility"). Under the renewal, the term has been extended by three years, now maturing on December 31, 2028. As well, the Facility size has been increased by $50 million, to a total of $291 million, with an accordion feature which can increase the Facility by an additional $50 million. The Facility will be available for general working capital purposes, ongoing investments in capital expansion, including continuing investment in the growing iLottery space, and to assist in financing future acquisitions.

"We would like to thank our lenders for their continued support and confidence in our organization," commented John Pollard, Co-Chief Executive Officer of Pollard Banknote. "The upsize to the credit facility will position Pollard Banknote well as it provides additional capacity and flexibility to help fund ongoing investments in our growth initiatives."

The Facility is secured by Pollard Banknote's assets and guarantees by certain of its subsidiaries. The terms and conditions of the Facility are set out in the Seventh Amended and Restated Loan Agreement that will be filed on SEDAR. The lending institutions participating in the Facility include The Toronto-Dominion Bank as administrative agent and Lead Arranger and Bookrunner, Bank of Montreal, and Canadian Western Bank.

About Pollard Banknote

Pollard Banknote is a leading lottery partner to more than 60 lotteries worldwide, providing high-quality instant ticket products, licensed games, in-lane ticket options, and sales-driving merchandising solutions from its Schafer Retail Solutions + portfolio. It also offers a full suite of digital offerings, ranging from world-class game apps to comprehensive player engagement and iLottery solutions, including strategic marketing and management services. The company is a proven innovator and has decades of experience helping lotteries to maximize player engagement, sales, and proceeds for good causes. Pollard Banknote also provides pull-tab tickets, bingo paper, ticket vending machines, and its Diamond Game and Compliant Gaming electronic games and devices to charitable and other gaming markets in North America. Established in 1907, Pollard Banknote is owned approximately 64% by the Pollard family and 36% by public shareholders, and is publicly traded on the Toronto Stock Exchange (TSX: PBL). For more information, please visit our website at www.pollardbanknote.com.

Forward-looking Statements

Certain statements in this press release may constitute "forward-looking" statements and information, which involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. When used in this document, such statements include such words as "may," "will," "expect," "believe," "plan," and other similar terminology. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this document. There should not be an expectation that such information will in all circumstances be updated, supplemented, or revised whether as a result of new information, changing circumstances, future events, or otherwise.

SOURCE Pollard Banknote Limited

FOR MORE INFORMATION CONTACT: Doug Pollard, Co-Chief Executive Officer, E-mail: [email protected]; John Pollard, Co-Chief Executive Officer, E-mail: [email protected]; Rob Rose, Chief Financial Officer, E-mail: [email protected]; Pollard Banknote Limited, Telephone: [phone]