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Diamond Estates Receives $5.5 Million Term Loan From Lassonde

By Public Technologies
  • Diamond Estates received a $5.5 million unsecured, non-revolving term loan from Lassonde Industries, subordinated to its secured Bank of Montreal debt.
  • The loan bears interest at Bank of Montreal’s prime rate plus 2.25% annually and matures June 30, 2027.
  • Cash installments of $1.25 million fall due Jan. 29, April 30 and June 30, 2027, or earlier upon corresponding VQA support payments.
  • Remaining principal and accrued interest are payable at maturity; prepayment is permitted without penalty.
  • Proceeds provide working capital for growth, supporting higher inventories, debt repayment and capital spending.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Diamond Estates Wines & Spirits Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202611101745NEWSFILECNPR____20261110_323469_1) on November 10, 2026, and is solely responsible for the information contained therein.

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