Genesis Land Development Corp. Announces New $105 Million Secured Revolving Credit Facility

CALGARY, AB, Feb. 11, 2026 /CNW/ - Genesis Land Development Corp. (the "Company" or "Genesis") (TSX: GDC) is pleased to announce that it has entered into a Credit Agreement (the "Agreement") for a $105 million secured revolving credit facility (the "Credit Facility") with a syndicate of Canadian financial institutions for an initial term of three years. The Credit Facility provides for a revolving loan and letters of credit and is available subject to satisfaction of usual and customary conditions. The revolving loan is available for general corporate purposes, including purchases of land, serviced lots and land servicing activities.

"This new Credit Facility enhances our financial flexibility and supports our long-term growth strategy," said Rob Sekhon, Chief Financial Officer of Genesis. "The Credit Facility highlights the confidence and continued support of our banking partners in our Calgary based integrated land development and home building business."

The Credit Facility includes provisions for consecutive one-year extensions of the initial three-year term, subject to lender approval. The Credit Facility is secured by certain assets of Genesis, including specified land holdings and related development assets, and is subject to customary financial and non-financial covenants and other terms. Borrowings under the Credit Facility can take place by way of direct borrowings at either the prime rate plus 0.75% or the Canadian Overnight Repo Rate Average plus an applicable margin, or through letters of credit.

About Genesis

Genesis is a land developer and residential home builder in the Calgary Metropolitan Area. The Company's common shares are listed on the TSX (TSX: GDC).

Contact Information
PS Sidhu, President & Chief Executive Officer
Rob Sekhon, Chief Financial Officer
6240, 333 – 96 Ave NE Calgary AB T3K 0S3
403-265-8079
genesis@genesisland.com
www.genesisland.com