Village Farms International has announced that it has favorably amended and extended its loan with its long-term lender, Farm Credit Canada (FCC). Village Farms improved the interest rate on the loan by 50 basis points and extended the maturity date by four years to February 3, 2031. The FCC loan carries a variable interest rate currently below 7.0%, with a current balance of US $15.4 million. All other material terms of the loan remain unchanged.
Stephen Ruffini, Executive Vice President and Chief Financial Officer of Village Farms commented, "We remain very pleased with the collaborative nature of our relationship with FCC, who has been a valued partner over the last 20 years and remains a strong supporter of our long-term vision and growth strategy. We believe these amendments continue to demonstrate the improving strength of our business, which is positioned for another year of growth in 2026."
For more information:
Village Farms International Inc.
Tel.: +1 (407) 936-1190
villagefarms.com
