MONTRÉAL, July 31, 2024 (GLOBE NEWSWIRE) -- D-BOX Technologies Inc. ("D-BOX" or the "Corporation") (TSX:DBO) a world leader in haptic and immersive entertainment, today announced amendments to its agreements relating to its loan facilities with the National Bank of Canada ("NBC"), via its Technology and Innovation Banking Group, providing for, among other things: An upsize of its operating line of credit with NBC (the "NBC Line of Credit") from CAD$5.5 million to CAD$8.0 million and the removal of the Maximum Capital Expenditure financial covenant; An extension of the maturity of the CAD$1 million term loan entered into in September 2021 with NBC and guaranteed by the BDC as part of the Highly Affected Sectors Credit Availability Program, from September 30, 2025, to September 30, 2027 (the "HASCAP Loan"). "These beneficial amendments consisting of an increased line of credit, the removal of the maximum capital expenditure covenant, and the extended term loan maturity, provide us with more flexibility as we set our sights on the next phase of profitable growth for D-BOX", said Josh Chandler, Chief Financial Officer of D-BOX. The NBC Line of Credit and the HASCAP Loan are secured by first-ranking hypothecs and security interests on all of the assets of the Corporation and its U.S. subsidiary. The NBC Line of Credit is partially guaranteed by Export Development Canada. ABOUT D-BOX D-BOX creates and redefines realistic, immersive entertainment experiences by moving the body and sparking the imagination through effects: motion, vibration and texture. D-BOX has collaborated with some of the best companies in ...