Eat Well Investment Group Inc. (CSE: EWG) announced on October 9, 2026, that it has amended its credit agreement with senior lenders to extend the maturity of its existing credit facility from September 30, 2026 to March 31, 2027. The extension is intended to provide the company with runway to complete a broader refinancing and growth capital program centred on its wholly owned subsidiary, Belle Pulses Ltd. Investors may be watching closely given the company's stated ambition to reduce its cost of borrowing and secure a larger asset-based revolving facility.

Key Points

  • Eat Well Investment Group Inc. (CSE: EWG | OTC: EWGFF | FSE: 6BC0) announced the credit facility extension.
  • The credit facility maturity has been extended to March 31, 2027, from September 30, 2026.
  • The current facility permits borrowings of up to $12,752,723 at the greater of 5.05% above prime or 10%; a commitment fee of $63,764 was paid to the agent.
  • Investors should watch for updates on the contemplated new asset-based revolving facility targeting more than $10 million at an interest rate below 10%.

Terms of the Extended Credit Facility

The credit facility, which originated as a revolving line of credit in 2021, has been amended multiple times since inception, including increases to its maximum principal, interest rate adjustments, and maturity date extensions. Under the current terms, the facility permits borrowings of up to $12,752,723 at an interest rate equal to the greater of 5.05% above prime or 10%. It is secured by a first-priority security interest over all of the company's assets and is subject to customary covenants. In connection with the latest extension, Eat Well paid the agent a commitment fee of $63,764.

Refinancing Strategy and Target Facility Structure

Alongside the extension, Eat Well disclosed plans to refinance its existing term facility and arrange a new revolving credit facility. The company is targeting a new asset-based revolving facility of more than $10 million at an interest rate below 10%, though the release states that the final size, terms, and interest rate remain subject to negotiation, lender approval, and market conditions. If the refinancing is completed, the company expects to use proceeds to repay the current credit facility in full, with the disclosure noting there is no assurance as to timing or terms.

Implications for Belle Pulses Ltd. Operations

The refinancing effort is described in the announcement as one component of a larger program aimed at strengthening Eat Well's balance sheet, lowering its cost of capital, and funding capital investment at Belle Pulses Ltd., its wholly owned pulse processing subsidiary. The release states that a larger revolving facility could help Belle Pulses Ltd. purchase more inventory during peak season and support higher throughput as its capital program advances. Eat Well operates pulse processing facilities in Saskatchewan and Montana, serving food ingredient and consumer markets across North America and internationally.