Daily News: June 23, 2016

HSBC Provides $25MM Revolver to Input Capital

Input Capital¬†secured a $25 million revolving credit facility with HSBC Bank Canada. This facility bolsters Input’s ability to provide working capital solutions to western Canadian canola farmers and is available to fund upfront payments to farmers and to fund Input’s own working capital requirements, if necessary.

“Input Capital has grown rapidly over the past four years by creating a new way for farmers to fund their working capital needs, which are not met by traditional funding sources,” said President and CEO Doug Emsley. “This new revolving credit facility will enable us to help even more farmers address their ongoing working capital requirements and take advantage of opportunities on their farms by efficiently expanding the amount of capital available to Input for deployment into streaming contracts.

“Input has always maintained a conservative approach to funding its balance sheet, and we plan to continue that way. But having access to a $25 million revolving credit facility will help bridge any short-term needs for capital in an efficient and cost effective manner.”

Regina, Canada-based Input is an agriculture commodity streaming company with a focus on canola, the largest and most profitable crop in Canadian agriculture.