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HSBC Canada Provides $25MM Credit Facility to Input Capital

June 23, 2016, 07:12 AM
Filed Under: Commodities Trading
Related: HSBC Canada

Input Capital Corp., the world's first agriculture streaming company, has secured a $25 million revolving credit facility with HSBC Bank Canada. This revolving credit facility bolsters Input's ability to provide working capital solutions to western Canadian canola farmers and is available to fund upfront payments to farmers as well as Input's own working capital requirements, if necessary.

"Input Capital has grown rapidly over the past four years by creating a new way for farmers to fund their working capital needs, which are not met by traditional funding sources," said President & CEO Doug Emsley. "This new revolving credit facility will enable us to help even more farmers address their ongoing working capital requirements and take advantage of opportunities on their farms by efficiently expanding the amount of capital available to Input for deployment into streaming contracts.

The terms of the Credit Agreement are consistent with market standards for the industry and include customary security agreements, conditions, covenants and representations and warranties.

Input is an agriculture commodity streaming company with a focus on canola, the largest and most profitable crop in Canadian agriculture. Input enters into multi-year canola streaming contracts with canola farmers in western Canada.  Pursuant to the streaming contract, Input purchases a fixed portion of the canola produced, at a fixed price, for the duration of the term of the contract.  Input is a non-operating farming company with a diversified portfolio of canola streams, all of which produce canola and revenue for Input within a year of being signed.

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