TORONTO, ON (February 14, 2019) – Ceres Global Ag Corp. (TSX:CRP.TO) (“Ceres” or the “Corporation”) announced today that it has entered into a fourth amended and restated credit agreement led by Macquarie Bank Limited, as administrative agent on behalf of a syndicate group of lenders which includes Bank of Montreal and Cooperatieve Rabo Bank U.A. (the “New Credit Agreement”). The New Credit Agreement increases the amount of the revolving facility available to Ceres from U.S.$67.5 million to U.S.$80 million, with the potential to access an accordion feature that would provide an additional U.S.$20 million. The interest rate under the New Credit Agreement reflects a reduction of 50 basis points from Ceres’ prior revolving facility. The revolving facility matures on February 13, 2020.


“The increased borrowing capacity under the New Credit Agreement is significant for Ceres as we continue to grow our volumes and add more product lines to our portfolio,” said Kyle Egbert, Chief Financial Officer for Ceres. “In addition to providing Ceres with additional liquidity and flexibility for our balance sheet, the more favorable interest rate will help reduce costs and provide capital for future growth opportunities, including potential acquisitions.”