Dye & Durham Upsizes Credit Facility to $700 Million

March 24, 2021

Source: Yahoo Finance

Dye & Durham Limited ("Dye & Durham" or the "Company") (TSX: DND), a leading provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals, today announced that it has amended its existing financing arrangement, increasing the Company's total borrowing capacity to $700 million, comprised of a term loan of $245 million and a revolving facility of $455 million. The entire financing arrangement now matures on September 25, 2024.

"Combined with cash on hand, this amended credit facility provides the Company with access to over $1.0 billion in capital to execute against strategic opportunities in our acquisition pipeline," said Matt Proud, Chief Executive Officer of Dye & Durham. "We see a clear path to increasing the value we deliver to customers as we execute against the next phase of our strategic plan, of which acquisitions will be a critical component."

Currently, $245 million of the term loan is drawn, and the full amount of the $455 million revolving facility is available, subject to the customary terms of the second amended and restated credit agreement governing the financing arrangement, which will be available on the Company's Sedar profile at sedar.com.

About Dye & Durham

Dye & Durham is a leading provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals. Dye & Durham provides critical information services and workflows, which clients use to manage their process, information and regulatory requirements. The Company has operations in Canada, the United Kingdom, Ireland and Australia, and has a strong blue-chip customer base that includes law firms, financial service institutions, and government organizations. Additional information can be found at www.dyedurham.com.