The Descartes Systems Group Inc. has amended and increased its existing USD 150 million senior secured revolving credit facility. The new amended increased facility, with BMO as sole lead and arranger, consists of a USD 350 million revolving operating credit facility to be available for general corporate purposes, including the financing of ongoing working capital needs and acquisitions, including the Visual Compliance transaction. With the approval of the lenders, the credit facility can be further expanded to a total of USD 500 million. The credit facility has a five-year maturity with no fixed repayment dates prior to the end of the five-year term ending in January 2024. Borrowings under the credit facility are secured by a first charge over substantially all of Descartes’ assets.