SECURE Announces Upsize and Extension of Credit Facility

Press Release

CALGARY, AB, May 13, 2025 SECURE Waste Infrastructure Corp. (“SECURE” or the “Corporation”), a leading waste management and energy infrastructure company, is pleased to announce that it has entered into an amended and extended credit agreement for its Senior Secured Revolving Credit Facility (“Credit Facility”), increasing the total facility size from $800 million to $900 million and extending the maturity to May 31, 2028.

The expanded Credit Facility enhances SECURE’s financial flexibility and supports the execution of its strategic priorities, including disciplined growth and capital returns to shareholders.

As at March 31, 2025, the Corporation had drawn $255 million on the Credit Facility, with an additional $86 million in letters of credit outstanding. Upon completion of the previously announced substantial issuer bid, which is expected to expire on May 14, 2025, SECURE’s drawings on the Credit Facility may increase by up to an additional $200 million.

“We are pleased with the continued confidence and strong support from our lending syndicate,” said Chad Magus, Chief Financial Officer. “Amid a dynamic market backdrop, this upsizing and extension reinforces the strength of our balance sheet and provides the resources needed to execute our capital allocation strategy in a disciplined manner. It also provides valuable flexibility as we navigate evolving conditions and evaluate opportunities to create long-term value.”

Key highlights of the amended Credit Facility include:

• Total facility size increased to $900 million;
• Maturity extended by one year to May 31, 2028;
• Continued support from a syndicate of eight financial institutions and Chartered Banks;
• The Bank of Nova Scotia and Royal Bank of Canada elevated to Co-Lead Arranger roles, alongside ATB Financial (Agent), Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, and The Toronto-Dominion Bank.

This strategic amendment reflects the strength of SECURE’s longstanding financial partnerships and reinforces the Corporation’s robust liquidity position and continuing commitment to responsible capital management.

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