Zedcor Expands Credit Facility to Boost Growth

Zedcor Energy Inc (TSE:ZDC) has released an update.

Zedcor Inc. has secured an expanded $30 million credit facility with ATB Financial, aiming to enhance its financial flexibility and support its expansion plans in the U.S. and Canada. The new facility includes a $20 million term loan and a $10 million revolving loan, providing Zedcor with the resources to expand its MobilieyeZTM fleet and improve its market presence. This strategic financial move positions Zedcor to capitalize on robust demand in both regions.

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