Liberty Defense Clears $2.45 Million Term Loan and Credit Facility Balance

Liberty Defense Holdings confirmed on November 13, 2026 that its $2.45 million term loan has been fully repaid, with no outstanding balance remaining under the loan or its $2.5 million revolving credit facility. The clarification was issued at the request of the TSX Venture Exchange, Stock Titan reported.

How the Parabilis Loan Was Structured

Liberty Defense Technologies Inc., a wholly owned subsidiary of Liberty Defense, entered a Loan and Security Agreement with PFF, LLC, known as Parabilis, dated August 19, 2024. The agreement was amended on March 15, 2025, July 15, 2025, August 14, 2025 and September 1, 2025. Under the terms, Parabilis provided a US$1.8 million term loan and a US$2.5 million revolving credit facility, secured by substantially all of the subsidiary's assets and unconditionally guaranteed by the company.

The credit facility bears interest at 14.99% per annum and the term loan at 17.99% per annum, payable monthly in arrears. The term loan had a 104-week term and was scheduled to mature on August 15, 2026. The credit facility originally matured on August 31, 2025, and a September 1, 2025 amendment extended the date to May 31, 2026, with automatic one-year renewals unless Parabilis gives 90 days' notice, alongside a 0.083% monthly commitment fee.

An August 14, 2025 amendment to the term loan contemplated total principal advances of approximately US$2.9 million, but only US$650,000 in additional advances were funded, bringing total funded principal advances to US$2.45 million. The credit facility's borrowing base is set at 90% of eligible billed receivables, 65% of eligible unbilled receivables and 30% of eligible delivery orders.

Liberty Defense's Funding Record

According to akta.pro company records, Liberty Defense completed a U.S. initial public offering in April 2026, issuing 3,673,638 common shares at $4.50 per share plus pre-funded warrants and raising approximately $20 million in gross proceeds. The same records show a debt round of $4.3 million in August 2024 led by Parabilis, and trailing 12-month revenue of $1.5 million as reported in 2026.

Earlier Liberty Defense Developments

Liberty Defense announced in August 2026 that President Bryan Cunningham left the company to return to his privacy and advocacy work, effective July 22, 2026, Yahoo reported. In November 2026, the company said it engaged Global Impact Advisors LLC for investor relations, strategic communications and capital markets advisory services effective November 6, 2026, with a $10,000 monthly cash retainer for 12 months and no equity compensation, GlobeNewswire reported.

What Comes Next for Liberty Defense

The credit facility carries automatic one-year renewals from its May 31, 2026 maturity date unless Parabilis provides 90 days' notice. Liberty Defense's HEXWAVE product is detailed on its company website.