Brief: Civeo Corporation Announces Replacement Of Its Credit Agreement

Civeo

08/09/2021 21:35

Sept 8 (Reuters) - Civeo Corp  CVEO.N :
    * CIVEO CORPORATION ANNOUNCES REPLACEMENT OF ITS CREDIT
AGREEMENT
    * CIVEO CORP - COMPLETION OF A REPLACEMENT AND REFINANCING
OF ITS
CREDIT AGREEMENT
    * CIVEO CORP - NEW SYNDICATED FACILITY AGREEMENT, WHICH
CONSISTS
OF A CANADIAN TERM LOAN AND THREE REVOLVING CREDIT FACILITIES
    * CIVEO - IN LEVERAGE NEUTRAL TRANSACTION, CANADIAN TERM
LOAN WAS
REDUCED TO C$100 MILLION COMPARED TO OUTSTANDING BALANCE OF
C$216 MILLION AS OF JUNE 30, 2021
    * CIVEO CORP - SYNDICATED FACILITY AGREEMENT HAS A MATURITY
DATE
OF SEPTEMBER 8, 2025
    * CIVEO CORP - IN ADDITION, AMONG OTHER THINGS, NEW
SYNDICATED
FACILITY AGREEMENT INCREASES TOTAL REVOLVING COMMITMENT TO
US$200 MILLION

Source text for Eikon:  ID:nBw2g7CrWa 
Further company coverage:  CVEO.N 

 ((Reuters.Briefs@thomsonreuters.com;))