Haivision Secures a $35 Million Revolving Line of Credit From Bank of Montreal

Haivision Systems Inc. ("Haivision") (TSX: HAI), a leading global provider of mission-critical, real-time video streaming and networking solutions, today announced that the company has entered into a three-year credit agreement providing for a new revolving line credit facility in the maximum principal amount of $35 million with Bank of Montreal.  The revolving facility is for general working capital, general corporate requirements and financing for acquisitions.

The revolving facility also provides access to additional financing of $25 million on an uncommitted basis through an accordion provision under the same terms, bringing the total financing capacity of the facilities to $60 million. The credit agreement provides for interest at a floating rate by reference to the Canadian prime rate, the US prime rate, the CDOR rate and/or bankers' acceptance rate. 

We are very pleased to announce the closing of our new revolving credit facility with Bank of Montreal," said Mirko Wicha, CEO Haivision. "While our recent IPO provided us the capital to pursue our acquisition strategy, this three-year commitment provides us with a substantial increase in our capacity to consolidate this fragmented industry."    

About Haivision

Haivision is a leading global provider of mission-critical, real-time video streaming and networking solutions. Our connected cloud and intelligent edge technologies enable organizations globally to engage audiences, enhance collaboration, and support decision making. We provide high quality, low latency, secure, and reliable live video at a global scale. Haivision open sourced its award-winning SRT low latency video streaming protocol and founded the SRT Alliance to support its adoption. Awarded an Emmy® for Technology and Engineering from the National Academy of Television Arts and Sciences, Haivision continues to fuel the future of IP video transformation. Founded in 2004, Haivision is headquartered in Montreal and Chicago with offices, sales, and support located throughout the Americas, Europe, and Asia. Learn more at haivision.com.