NanoXplore Inc. announced the closing of a new credit facility with the Royal Bank of Canada. Under the agreement, RBC will provide NanoXplore?s subsidiaries with up to CAD 60 million. The credit facility, inclusive of an existing equipment lease and other financial products, will provide a $10 million revolving credit line, up to $45 million in equipment leasing and $5 million in term loans and will carry interest rates similar to those the Corporation currently pays. The new credit facility will allow for the reimbursement of existing loans of approximately $4.7 million with other lenders.

This expanded credit facility has been made possible by the improvements across financial performance and metrics over the last year and will provide additional liquidity and flexibility to execute five-year strategic plan.