Mr. Simon Hitzig reports

ACCORD FINANCIAL CLOSES SALE OF US PORTFOLIO ASSETS

Accord Financial Corp. has sold certain loans from its U.S. subsidiary, Accord Financial, Inc. (AFIU). As previously announced, the company has been working on this transaction since mid-December, 2025, pursuant to a signed letter of understanding with a U.S.-based buyer.

The sale is a key component of the company's previously announced strategic plan to divest non-core assets, refinance its outstanding debt and refocus the business on the Canadian market. Gross proceeds from the sale were approximately $8.4-million ($6.1-million (U.S.)). Net proceeds, after transaction-related expenses, will be used to pay down the company's primary banking facility. While the gross proceeds are lower than initially contemplated in the LOI, the company has reduced its bank indebtedness through additional loans sales and loan repayments of approximately $38.2-million ($27.8-million (U.S.)) since December, 2025. The company continues to pursue additional transactions to divest assets, including the remaining US portfolio assets, in order to repay its outstanding debt obligations.

"We are pleased to finalize this deal with a growing, well-respected asset-based lender. Our longtime U.S. clients are in good hands as we shift attention to our Canadian business," commented Simon Hitzig, Accord's president and chief executive officer.

As previously disclosed in the company's public filings, Accord has been working with financial advisers to pursue a broad range of strategic initiatives to repay or refinance its outstanding debt obligations, to further streamline the business and to strengthen the balance sheet, including through the sale of non-core business units and portfolio assets. The company recently announced an extension of the maturity of its senior secured revolving credit facility to March 31, 2026, and earlier this year extended the maturity of its outstanding debentures to July 31, 2026. This transaction, following the recent sale of BondIt Media Capital, is another step in the execution of the company's refinancing plan.

About Accord Financial Corp.

Accord Financial is one of Canada's most dynamic commercial finance companies providing fast, versatile financing solutions including asset-based lending, factoring, inventory finance, equipment finance and trade finance. By leveraging its unique combination of deep experience and independent thinking, the company crafts winning financial solutions for small and medium-sized businesses, simply delivered, so clients can thrive.

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