8-K - Village Farms International, Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Village Farms International amended its credit agreement with Farm Credit Canada, extending the maturity date to February 3, 2031 and reducing the interest rate margin by 50 basis points.

Key Takeaways

1The company extended its loan maturity by four years to February 3, 2031.

2The applicable margin on the annual interest rate was reduced by 50 basis points.

3The loan carries a variable interest rate currently below 7.0% with a current balance of US $15.4 million.

4All other material terms of the loan remain unchanged.

5The company's CFO stated the amendments demonstrate the improving strength of the business.

Current Report Details

Event Type

Material Agreement

Regulation Fd

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

Entry into a Material Definitive Agreement. On March 27, 2026, Village Farms International, Inc. ("Village Farms" or “the Company”), amended its Amended and Res

Material Agreement

7.01

, including Exhibit 99.1, shall not be incorporated by reference into any filing under the Securities Act or the Exchange Act, whether made before or after the

Regulation Fd

9.01

Financial Statements and Exhibits. | Exhibit Number | | Description | |---|---|---| | 99.1 | | Press Release dated March 30, 2026 | | 104 | | Cover Page Interac

Exhibits Only

Source Document

Transaction Details

Material Agreement

Agreement: Amended and Restated Credit Agreement
Parties: Village Farms International, Inc., Farm Credit Canada

•Maturity date extended to February 3, 2031
•Current applicable margin on annual interest rate reduced by 50 basis points

Debt / Financing

Instrument: Loan
Principal: 15400000
Rate: Variable, currently below 7.0%
Maturity: 2031-02-03

Exhibits (2)

8-K

99.1

EX-99.1