Anaergia Inc. (TSX: ANRG) (OTCQX: ANRGF) announced it has entered into a credit agreement with National Bank of Canada for a C$20 million revolving credit facility, with an option to increase the maximum principal amount by up to C$10 million.

The waste-to-value solutions company said the facility will provide enhanced liquidity and financial flexibility to support execution of its existing contracted backlog. Proceeds will be used for general corporate purposes.

"This agreement with National Bank of Canada reflects growing institutional confidence in Anaergia's business model, project execution capabilities, and financial discipline," said Assaf Onn, CEO of Anaergia.

The credit facility has a three-year maturity with bullet repayment at maturity and allows prepayment at any time without penalty. The facility bears interest at rates determined by reference to applicable pricing tiers based on the company's debt-to-EBITDA ratio.

The senior-secured facility includes standard terms and conditions regarding fees, representations, warranties and financial covenants. The total principal amount outstanding cannot exceed the borrowing base at any time.

Anaergia specializes in renewable natural gas and organic waste-to-value solutions, delivering integrated design, equipment, construction and operational solutions that convert organic waste into renewable energy, fertilizer and water.

The information is based on a company press release statement.