Company Announcements

VANCOUVER, British Columbia--(BUSINESS WIRE)--Sep. 22, 2025--

Thunderbird Entertainment Group Inc. (TSXV: TBRD, OTCQX: THBRF) (“Thunderbird” or the “Company”), through its subsidiaries Thunderbird Entertainment Inc. (“TEI”) and Atomic Cartoons Inc. (“Atomic”), has amended and restated its existing credit facilities agreement dated June 14, 2024, with Royal Bank of Canada (“RBC”). The amended agreement (the “Amendment”) provides the Company with access to up to C$75.45 million in credit facilities (the “Facilities”) to support general working capital, acquisitions, operations, and production activities.

The Facilities are comprised of the following:

• C$20,000,000 revolving term facility available to TEI for the acquisition of select media companies, bearing interest at RBC’s prime rate plus 1.05% (or alternative rates for U.S. dollar or CORRA-based borrowings).
• C$10,000,000 revolving unmargined operating line of credit for TEI to finance day-to-day operations and general corporate expenses, bearing interest at RBC’s prime rate plus 0.50% (or alternative rates for U.S. dollar or CORRA-based borrowings).
• C$4,200,000 revolving lease facility for TEI to finance ongoing capital asset purchases.
• C$750,000 foreign exchange line of credit for TEI to hedge against fluctuating exchange rates, bearing interest at RBC’s prime rate plus 1.25%.
• RBC business Visa facility available to TEI up to a maximum of C$500,000.
• C$40,000,000 revolving production operating line of credit for Atomic, to finance Canadian Film or Video Production Services Tax Credits and equivalent provincial tax credits, bearing interest at RBC’s prime rate plus 0.50%.

“These amended credit facilities mark a significant step forward in Thunderbird’s growth strategy,” said Jennifer Twiner McCarron, CEO and Chair of Thunderbird Entertainment. “The agreement provides enhanced flexibility to scale our operations and invest in new opportunities, reinforcing confidence in our business model and supporting our continued focus on delivering long-term value to our stakeholders.”

The Facilities are repayable on demand and are secured by general security agreements over the assets of the Company and its guarantor subsidiaries. The Facilities are not convertible into securities of the Company, and no securities are being issued to RBC as a bonus in connection with the Facilities.

The summary of the key terms of the Amendment is qualified in its entirety by the full text of the Amendment, a copy of which will be available on SEDAR+ (www.sedarplus.ca) under the Company’s issuer profile. This Amendment has been conditionally approved by the TSX Venture Exchange. The Company will seek final approval shortly.

About Thunderbird Entertainment

Thunderbird Entertainment (TSXV:TBRD, OTC – THBRF) is a global award-winning, full-service multiplatform production, distribution and rights management company, headquartered in Vancouver, with teams in Los Angeles and Ottawa. Thunderbird creates award-winning scripted, unscripted, and animated programming for the world’s leading digital platforms, as well as Canadian and international broadcasters. The Company develops, produces, and distributes animated, factual, and scripted content through its various content arms, including Thunderbird Kids and Family (Atomic Cartoons), Thunderbird Unscripted (Great Pacific Media) and Thunderbird Scripted. Productions under the Thunderbird umbrella include Mermicorno: Starfall, Super Team Canada, Molly of Denali, Highway Thru Hell, Kim’s Convenience, Boot Camp and Sidelined: The QB and Me. Thunderbird Distribution and Thunderbird Brands manage global media and consumer products rights, respectively, for the Company and select third parties. Thunderbird is on Facebook, X, and Instagram at @tbirdent. For more information, visit: www.thunderbird.tv.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release, which has been prepared by management.

Cautionary Statement Regarding Forward-Looking Information

Certain statements contained in this news release may contain forward-looking information or may be forward-looking statements (collectively, “forward-looking statements”) within the meaning of applicable securities laws.

Forward-looking statements may be identified by words such as “anticipate”, “continue”, “estimate”, “expect”, “forecast”, “may”, “will”, “plan”, “project”, “should”, “believe”, “intend”, or similar expressions concerning matters that are not historical facts. Forward-looking statements in this press release include, but are not limited to, statements regarding the anticipated benefits of the Amendment and/or the Facilities, the enhanced financial flexibility and scalability of the Company’s operations, and the Company’s ability to invest in new opportunities and deliver long-term value to stakeholders. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; product capability and acceptance; international risk and currency exchange rates; and technology changes.

The forward-looking statements or information contained in this document represent our views as of the date hereof and as such information should not be relied upon as representing our views as of any date subsequent to the date of this document. The Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements or information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250919192742/en/

For further information, please contact:

Investor Relations Contacts:
Three Part Advisors, LLC:
Sandy Martin: smartin@threepa.com, 214-616-2207
Steven Hooser: shooser@threepa.com, 214-872-2710

Media Relations Contact:
Corporate Communications
Julia Smith, Finch Media
Email: Julia@finchmedia.net

Source: Thunderbird Entertainment Group Inc.