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KITS Eyecare Establishes $15 Million Asset-Based Lending Facility with Bank of Montreal

Newswire.ca - Tue Nov 25, 2025

Adds Liquidity to Existing $19.7M Cash Balance as of Q3 2025

Concurrently the Company has Fully Repaid BDC Term Loan Ahead of Schedule

VANCOUVER, BC, Nov. 25, 2025 /CNW/ - Kits Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company") a leading vertically integrated eyecare provider announced that it has entered into a new three-year Asset-Based Lending (ABL) facility with Bank of Montreal ("BMO"), effective November 24, 2025. The facility provides borrowing capacity of $15 million, with the option to increase to $20 million, priced at approximately Prime + 1%. 

Read more at newswire.ca

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