TORONTO, Dec. 29, 2023 /CNW/ - Baylin Technologies Inc. (TSX: BYL) ("Baylin" or the "Company") is pleased to announce that it has repaid in full its term loan, which matures on December 29, 2023. The term loan is part of the Company's credit facilities with Royal Bank of Canada and HSBC Bank of Canada, which also includes a revolving credit facility. The repayment was funded from the proceeds of the Company's recently completed rights offering of $11.8 million and a private placement to its largest shareholder, 2385796 Ontario Inc., for proceeds of $1.7 million (the "Private Placement").