Brief: Ensign Energy Services Inc. Announces Completed Term Loan Agreement And Provides Update On Credit Facility

Ensign Energy Services

13/10/2023 22:02

Oct 13 (Reuters) - Ensign Energy Services Inc  ESI.TO :
    * ENSIGN ENERGY SERVICES INC. ANNOUNCES COMPLETED TERM LOAN
AGREEMENT AND PROVIDES UPDATE ON CREDIT FACILITY
    * ENSIGN ENERGY SERVICES INC- HAS AMENDED AND EXTENDED
EXISTING
$900.0 MILLION REVOLVING CREDIT FACILITY AGREEMENT WITH ITS
SYNDICATE OF LENDERS
    * ENSIGN ENERGY SERVICES INC- MATURITY DATE OF CREDIT
FACILITY HAS
BEEN EXTENDED FOR THREE YEARS TO OCTOBER 2026
    * ENSIGN ENERGY SERVICES INC- AMENDMENTS TO CREDIT FACILITY
INCLUDES A REDUCTION OF FACILITY BY $50.0 MILLION AT END OF Q2
OF 2024
    * ENSIGN ENERGY SERVICES INC-  AMENDMENTS TO CREDIT FACILITY
INCLUDES A $75.0 MILLION REDUCTION OF FACILITY AT END OF Q4 OF
2024
    * ENSIGN ENERGY SERVICES INC-  AMENDMENTS TO CREDIT FACILITY
INCLUDES FURTHER REDUCTION OF FACILITY OF $75.0 MILLION BY END
OF Q2 OF 2025
    * ENSIGN ENERGY SERVICES INC- FINAL SIZE OF CREDIT FACILITY
WILL
BE $700.0 MILLION.
    * ENSIGN ENERGY SERVICES INC- REAFFIRMS ITS DEBT REDUCTION
FOR
2023, TARGETED TO BE APPROXIMATELY $200.0 MILLION

Source text for Eikon:  ID:nCNWYGyWXa 
Further company coverage:  ESI.TO 

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