BDI Black Diamond Group Ltd

(TSX:BDI) Black Diamond Group Limited ("Black Diamond" or the "Company"), a
leading provider of modular accommodation and energy services in North America
and Australia, is pleased to announce an increase in its syndicated banking
facilities.


The Company has increased and extended its senior secured credit facility with
its banking syndicate. The syndicated credit facility has increased from $145
million to $150 million with an accordion feature that allows for the expansion
of the facility up to an aggregate of $250 million, upon lender approval. If all
or any portion of the $100 million accordion is not provided by the lenders, the
syndicated credit facility authorizes the Company to obtain the remaining amount
from any third party subject to certain conditions in the senior secured credit
facility. The previous credit facilities have been consolidated into one
extendible revolving operating facility, committed on an interest-only basis
until the initial April 30, 2018 maturity date. Financial covenants have been
relaxed from those previously in place and pricing has been amended to reduce
the Company's borrowing costs. The credit facility is secured by substantially
all of the assets of the Company and its material subsidiaries. 


"As we continue to see strong market conditions and pursue many significant
opportunities in remote workforce accommodations and resource development in
general, we are pleased to have the flexibility and potential access to
additional capacity to fund our ongoing growth," said Trevor Haynes, President
and Chief Executive Officer for Black Diamond.


About Black Diamond 

Founded in 2003, Black Diamond Group Limited is one of the fastest growing
remote lodging, modular building and energy services companies worldwide. With
its corporate head office located in Calgary, Alberta, Black Diamond provides
world-class services to a wide spectrum of industries including oil and gas,
mining, power, construction, engineering, military, government and education. 


Through its direct and indirect wholly-owned subsidiaries and its approximate
50% equity participation in certain aboriginal limited partnerships, Black
Diamond operates four complementary business units in nineteen strategic
locations across Canada, the United States and Australia. 


Black Diamond Structures rents and sells remote workforce housing and modular
workspace solutions and provides associated services; Black Diamond Logistics
provides turnkey lodging services, remote facility management and supply chain
solutions; Black Diamond Energy Services rents and sells a complement of
oilfield equipment and services and Black Diamond International rents and sells
remote workforce housing and modular workspace solutions and provides associated
services outside of North America.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Media Contact:
Tara Sukut
Communications Manager
(403) 718-5061
tsukut@blackdiamondgroup.com


Investor Relations Contact:
Jason Zhang
Senior Financial Analyst
(403) 718-0948
jzhang@blackdiamondgroup.com
www.blackdiamondgroup.com

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