Exchange Income Corporation Announces Inaugural Offering of Investment Grade Senior Unsecured Notes

WINNIPEG, Manitoba--(BUSINESS WIRE)-- Exchange Income Corporation (EIFZF) (?EIC? or the ?Corporation?) a diversified, acquisition-oriented company focused on opportunities in the Aerospace & Aviation and Manufacturing segments, announced today it has priced an offering (the ?Offering?) of $600 million principal amount of 4.324% senior unsecured notes due March 13, 2031 (the ?Notes?). The net proceeds from the Offering are expected to be used to repay existing indebtedness under the Corporation?s credit facilities and for general corporate purposes. The Notes have been assigned a provisional rating of BBB (low), with a stable trend, by Morningstar DBRS.

The Notes will be senior unsecured obligations of the Corporation that will rank equally with the Corporation?s other present and future unsecured and unsubordinated indebtedness and will be guaranteed on a senior unsecured basis by each of the Corporation?s wholly-owned subsidiaries that are guarantors under the Corporation?s credit facilities. The Notes are being offered on a private placement basis in each of the Provinces of Canada in reliance on exemptions from the prospectus requirements under applicable securities laws.

The Offering is being led by RBC Capital Markets, CIBC Capital Markets and National Bank Capital Markets as joint lead agents and active bookrunners. The closing of the Offering is expected to occur on or about March 13, 2026, subject to customary closing conditions.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any of the Notes in any jurisdiction. The Notes have not been approved or disapproved by any regulatory authority. The Notes have not been and will not be qualified for distribution to the public under the securities laws of any province or territory of Canada and will be sold only to ?accredited investors? under applicable Canadian securities laws. The Notes will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws, and will not be offered or sold within the United States.

About Exchange Income Corporation (EIFZF)

Exchange Income Corporation (EIFZF) is a diversified acquisition-oriented company, focused in two segments: Aerospace & Aviation and Manufacturing. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth. For more information on the Corporation, please visit www.ExchangeIncomeCorp.ca. Additional information relating to the Corporation, including all public filings, is available on SEDAR+ (www.sedarplus.ca).

Caution concerning forward-looking statements

The statements contained in this news release that are forward-looking are based on current expectations and are subject to a number of uncertainties and risks, and actual results may differ materially. Many of these forward-looking statements may be identified by looking for words such as ?believes?, ?expects?, ?will?, ?may?, ?intends?, ?projects?, ?anticipates?, ?plans?, ?estimates?, ?continues? and similar words or the negative thereof. These uncertainties and risks include, but are not limited to, external risks, operational risks, financial risks and human capital risks. External risks include, but are not limited to, risks associated with economic and geopolitical conditions, competition, government funding for Indigenous health care, access to capital, market trends and innovation, general uninsured loss, climate, acts of terrorism, armed conflict, labour and/or social unrest, pandemic, level and timing of government spending, government-funded programs and environmental, social and governance. Operational risks include, but are not limited to, significant contracts and customers, operational performance and growth, laws, regulations and standards, acquisitions (including receiving any requisite regulatory approvals thereof), concentration and diversification, maintenance costs, access to parts and relationships with key suppliers, casualty losses, environmental liability, dependence on information systems and technology, cybersecurity, international operations, fluctuations in sales prices of aviation related assets, fluctuations in purchase prices of aviation related assets, warranty, performance guarantees, global offset and intellectual property risks. Financial risks include, but are not limited to, availability of future financing, income tax matters, commodity risk, foreign exchange, interest rates, credit facilities, trust indenture, dividends, unpredictability and volatility of securities pricing, dilution, credit and credit rating risk. Human capital risks include, but are not limited to, reliance on key personnel, employees and labour relations and conflicts of interest.

Except as required by Canadian securities laws, Exchange Income Corporation (EIFZF) does not undertake to update any forward-looking statements; such statements speak only as of the date made. Further information about these and other risks and uncertainties can be found in the disclosure documents filed by Exchange Income Corporation (EIFZF) with the securities regulatory authorities, available at www.sedarplus.ca.

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Source: Exchange Income Corporation (EIFZF)