FLNT Finance

FLINT Announces Transformational Recapitalization

Published August 08, 2025 at 12:44 AM

CALGARY, Alberta, Aug. 07, 2025 (GLOBE NEWSWIRE) -- FLINT Corp. ("FLINT" or the "Company") (TSX: FLNT) is pleased to announce a proposed recapitalization transaction (the "Recapitalization") that will significantly reduce the Company's debt and annual interest costs, simplify its capital structure and improve liquidity. The Recapitalization is the result of an extensive review process conducted by the Company's board of directors (the "Board"), which culminated in FLINT entering into a definitive recapitalization support agreement (the "Support Agreement") with its largest shareholder and primary lender, Canso Investment Counsel Ltd., in its capacity as portfolio manager for and on behalf of certain accounts that it manages ("Canso"). The Recapitalization is intended to preserve value for the Company's shareholders and better position FLINT to execute on future growth opportunities.

Related Questions

What are the specific terms and size of the debt reduction under the Recapitalization? How does the involvement of Canso Investment Counsel Ltd. as the primary lender influence the transaction terms? How will the Recapitalization affect FLINT's capital structure and leverage ratios? How might the Recapitalization influence FLINT's credit rating and borrowing capacity? When is the Recapitalization expected to be completed and how will it be funded? Will the Recapitalization include any covenant changes or new financial covenants that could affect future operations? What are the potential dilution effects, if any, on existing shareholders? What growth opportunities does FLINT plan to pursue with the improved liquidity from the Recapitalization? Are there any tax or regulatory implications associated with the restructuring that could affect the bottom line? How does this recapitalization compare to recent similar actions by peer companies in the sector? What is the expected impact of reduced annual interest costs on FLINT's earnings and cash flow? What are the short‑term and long‑term price targets for FLNT following this transaction?