(All amounts in release are in Canadian dollars)
OTTAWA, March 26, 2026 – Calian® Group Ltd. (“Calian” or the “Company”) (TSX:CGY), a mission-critical solutions company focused on defence, space, healthcare and other strategic critical infrastructure sectors, today announced that it has exercised the accordion feature under its existing credit facility.
Calian has exercised $75 million of its accordion feature, increasing total committed capacity under its credit facility to $275 million. The Company renewed its credit facility on September 29, 2025, for a three-year term, with total capacity of $350 million. As of December 31, 2025, Calian had $165 million drawn on the facility and net debt to adjusted EBITDA of 1.2x.
“This increase strengthens our capacity to pursue acquisitions while continuing to invest internally to capitalize on the organic growth opportunities we are seeing,” said Will Majic, acting Chief Financial Officer, Calian. “It also underscores the strong support and confidence of our lending syndicate in our performance and long-term strategy. With favorable tailwinds in the defence and space industries and a robust backlog of $1.4 billion, we are well positioned to deploy capital strategically and continue to drive shareholder value.”
Separately, Calian announced that Derek Clark, President of the company’s Essential Industries business unit, will be leaving the Company to pursue a new opportunity. The Essential Industries business continues to be supported by a strong and experienced leadership team, with Vice Presidents across the divisions working together to maintain continuity as the Company undertakes a search for a new President.
“We thank Derek for his contributions to Calian,” said Patrick Houston, Chief Executive Officer, Calian. “We have a strong and experienced leadership team within Essential Industries, and I look forward to working closely with them to continue advancing the business.”