Lightspeed Announces Closing of New Credit Facilities with CIBC

Lightspeed Announces Closing of New Credit Facilities with CIBC

MONTREAL, QC, April 2, 2019 -- Lightspeed POS Inc. ("Lightspeed" or the "Company") (TSX: LSPD)

announced that, effective today, it has entered into new credit facilities with the Canadian Imperial Bank

of Commerce (“CIBC”), which include a $25 million demand revolving operating credit facility (the

“Revolver”) and a $30 million stand-by acquisition term loan (the “Acquisition Facility”, and together with

the Revolver, the “New Credit Facilities”). The New Credit Facilities replace the previous $15 million

working capital line of credit granted to the Company by Silicon Valley Bank. The Acquisition Facility will

be available for draw up to 24 months and will matur e 60 months after the initial drawdown under the

Acquisition Facility. In its supplemented PREP prospectus dated March 7, 2019, Lightspeed disclosed that

it entered into a non-binding term sheet with CIBC dated February 14, 2019 with respect to the New Credit

Facilities.

About Lightspeed

Headquartered in Montréal, Canada, Lightspeed provides an easy-to-use, omni-channel commerce-

enabling platform. The Company’s software platform provides its customers with the critical

functionalities they need to engage with consumers, manage their operations, accept payments, and grow

their business. Lightspeed operates globally in approximately 100 countries, empowering single- and

multi-location small and medium-sized businesses to compete successfully in an omni-channel market

environment by engaging with consumers across online, mobile, social, and physical channels. Founded

in 2005, the Company has grown to approximately 700 employees, with global offices in Canada, the

United States, Europe, and Australia.

Forward-Looking Statements

This news release may include forward -looking statements. Forward-looking statements are statements

that are predictive in nature, depend upon or refer to future events or conditions and are identified by

words such as “will”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates” or similar

expressions concerning matters that are not historical facts. Such statements are based on current

expectations of the Company’s management and inherently involve numerous risks and uncertainties,

known and unknown, including economic factors. A number of risks, uncertainties and other factors may

cause actual results to differ materially from the forward-looking statements contained in this news

release, including, among other factors, those referenced in the section entitled “Risk Factors” in the

Company’s supplemented PREP prospectus dated March 7, 2019, a copy of which is available on the

SEDAR website at www.sedar.com under the Company’s profile. Forward- looking statements contained

in this news release are not guarantees of future performance and, while forward-looking statements are

based on certain assumptions that the Company considers reasonable, actual events and results could

differ materially from those expressed or implied by forward-looking statements made by the Company.

Readers are cautioned to consider these and other factors carefully when making decisions with respect

to the Company and not place undue reliance on forward-looking statements. Except as may be expressly

required by applicable law, Lightspeed does not undertake any obligation to update publicly or revise any

such forward-looking statements, whether as a result of new information, future events or otherwise.

Media Contact:

Philip Koven l 647-496-7858 l [email protected]

Source:

Bradley Grill l Director of Public Relations l Lightspeed l [email protected] l 514.375.3155

x7980