On October 12, 2023, Tribe Property Technologies Inc. (TSXV:TRBE) (OTCQB US: TRPTF) (“Tribe” or the “Company”), a leading provider of technology-enabled property management solutions, announced that they had signed a definitive loan agreement with the Technology and Innovation Banking arm of a ScotiaBank, providing Tribe with a senior term loan facility (the “Facility”) for up to $15 million.. The Facility consists of a $3 million operating line to support the Company’s working capital requirements and an M&A facility of $7 million with an additional accordion feature of $5 million, for a total of up to $15 million of non-dilutive capital.
Miller Thomson acted as counsel to Tribe with a team led by Darcy L. Wray, Ari Shack, Power Chen (Corporate/M&A) and Nora Osbaldeston (Financial Services).
