Brief: Cathedral Energy Services amends credit facility

ACT Energy Technologies

28/01/2016 24:25

Jan 27 (Reuters) - Cathedral Energy Services Ltd  CET.TO : 
 * Announces amendments to its credit facility and provides other corporate 
   update 
 * Says amended facility provides for credit availability of $45 million, 
   representing a $15 million decrease 
 * Says the amended facility matures in August, 2017, consistent with the 
   duration of the prior facility 
 * Says staff has accepted additional wage rollbacks effective January 1, 2016 
 * Says also adopted a minimal capital expenditure program for 2016 which will 
   be reviewed quarterly 
 * Says aggregate wage and cash benefit rollbacks for 2015 and 2016 range from 
   17% to 28% for staff and management 
 
 * Source text for Eikon  urn:newsml:reuters.com:*:nCNW1cb3sa 
 * Further company coverage  CET.TO  ((Bengaluru Newsroom; +1 646 223 8780))