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BUHLER INDUSTRIES RECEIVES ADDITIONAL FINANCING

Newswire.ca - Thu Mar 28, 5:01PM CDT

(TSX:BUI)

WINNIPEG, MB, March 27, 2024 /CNW/ - Buhler Versatile Inc. ("Versatile"), a wholly owned subsidiary of Buhler Industries Inc. (Buhler Industries or the Company), has received $14.4 million Canadian ($10.7 million USD) in additional long term financing from its majority owner Başak Traktör Tarim Ziraat Ve Iş Makinalari Sanayi Ticaret A.Ş. ("Başak Tractor").  Basak Tractor recently acquired majority ownership in Buhler Industries and is fully supportive in growing sales in Buhler Industries.  Basak Tractor is a wholly-owned subsidiary of ASKO Holding.  Buhler Industries negotiated favorable terms with Basak Tractor and has the ability to repay the debt sooner than full term.  A portion of the loan expires in 2025 with full repayment due in 2028.

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