Superior Plus Announces Increase to Credit Facility

TORONTO–(BUSINESS WIRE)–Superior Plus Corp. (“Superior”) (TSX:SPB) is pleased to announce that
its wholly-owned subsidiaries Superior Plus LP, Superior Plus US
Financing Inc. and Comercial E Industrial ERCO (Chile) Limitada have
completed an increase of its senior secured credit facility from $620
million to $750 million, with The Bank of Nova Scotia as Administrative
Agent, and The Bank of Nova Scotia and TD Securities as Co-Lead
Arrangers, with a group of ten lenders. The term of the credit facility
remains unchanged with a maturity date of May 8, 2023, and there were no
changes to the financial covenants. The accordion facility which could
provide an additional $300 million of capacity has also been maintained.

About the Corporation
Superior
consists of two primary operating businesses: Energy Distribution
includes the distribution of propane and distillates, and supply
portfolio management; and Specialty Chemicals includes the manufacture
and sale of specialty chemicals.

For further information about Superior, please visit our website at: www.superiorplus.com

Contacts

Superior Plus Corp.
Rob Dorran, 416-340-6003
Vice President
Investor
Relations and Treasurer
investor-relations@superiorplus.com
or
Beth
Summers, 416-340-6015
Executive Vice President and Chief Financial
Officer
or
Toll Free: 1-866-490-PLUS (7587)