IBC Advanced Alloys Extends Credit Facility Maturity

IBC Advanced Alloys Corp. has announced an amendment to its existing credit facility with Iron Horse Credit, LLC. The amendment extends the maturity of the credit and security agreement to September 30, 2026. This change provides additional funding, enabling IBC to settle outstanding debts with Sallyport Commercial Finance, LLC.

The updated agreement allows IBC's U.S. subsidiaries to receive advance purchase funding based on accounts receivable sales. The interest rate is set at SOFR plus 6% annually, compounded and payable monthly. The TSX Venture Exchange must approve the amendment.

This financial strategy aligns with IBC's operational focus and aims to sustain its manufacturing momentum in advanced copper alloys.