mdf commerce announces amendment and extension of Credit Agreement

MONTREAL, Oct. 02, 2023 (GLOBE NEWSWIRE) -- mdf commerce inc. (TSX: MDF), a SaaS leader in digital commerce technologies, is pleased to announce that it has amended and extended the revolving facility under the Credit Agreement effective as of September 29, 2023. Reducing the stand-by fees on the unused portion of the revolving facility is aligned with our focus on profitability and cost saving measures previously announced. This decision demonstrates our confidence in the Corporations stable financial liquidity, while maintaining a borrowing capacity that allows us to execute on our corporate strategy, said Luc Filiatreault, President and Chief Executive Officer of mdf commerce.About mdf commerce inc.mdf commerce inc. (TSX: MDF) enables the flow of commerce by providing a broad set of software-as-a-service (SaaS) solutions designed to optimize and accelerate commercial interactions between buyers and sellers. Our platforms and services empower businesses around the world, enabling them to generate billions of dollars in transactions on an annual basis. Our eprocurement, ecommerce and emarketplaces solutions are supported by a strong and dedicated team of approximately 650 employees based in Canada, the U.S., Ukraine and China.