Brief: Cathedral Energy Services Announces Credit Facility Extension And Amendment With A Further Increase In Liquidity

ACT Energy Technologies

24/06/2021 05:59

June 24 (Reuters) - Cathedral Energy Services Ltd  CET.TO :
    * CATHEDRAL ENERGY SERVICES ANNOUNCES CREDIT FACILITY
EXTENSION
AND AMENDMENT WITH A FURTHER INCREASE IN LIQUIDITY
    * CATHEDRAL ENERGY SERVICES- HAS AGREED TO A SERIES OF
AMENDMENTS
TO ITS EXISTING CREDIT FACILITY WITH ITS SOLE LENDER ATB
FINANCIAL
    * CATHEDRAL HAS SECURED A FURTHER $1 MILLION OF LIQUIDITY
THROUGH
HIGHLY AFFECTED SECTORS CREDIT AVAILABILITY PROGRAM
    * MATURITY IS EXTENDED TO JUNE 30, 2023
    * FACILITY IS NO LONGER CAPPED AND COMPANY NOW HAS ACCESS TO
FULL
$12 MILLION REVOLVING CREDIT LINE
    * LIMIT ON AGGREGATE CAPITAL EXPENDITURES FOR FISCAL YEAR
ENDED
DECEMBER 31, 2021 HAS BEEN INCREASED TO $6 MILLION
    * CATHEDRAL ENERGY SERVICES ANNOUNCES CREDIT FACILITY
EXTENSION
AND AMENDMENT WITH A FURTHER INCREASE IN LIQUIDITY

Source text for Eikon:  ID:nCNWGlbc2a 
Further company coverage:  CET.TO 

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