Enerflex Extends $800M Revolving Credit Facility to 2028

Enerflex Ltd. (NYSE:EFXT) is one of the cheap Canadian stocks to buy now. On July 14, Enerflex announced that it has extended its syndicated secured revolving credit facility/RCF. An amended and restated credit agreement, dated July 11 this year, has pushed the RCF’s maturity date forward by 3 years, to July 11 in 2028.

The total availability under the RCF remains unchanged at $800 million. As of March 31, Enerflex had drawn $117 million from this facility. Royal Bank of Canada serves as the agent for the RCF, and Enerflex confirmed that all current syndicate members have renewed their lending commitments.

Enerflex Extends $800M Revolving Credit Facility to 2028

An industrial plant producing natural gas compression equipment, illuminated by night.

Additionally, the company maintains a separate $70 million unsecured credit facility/LC Facility with one of its RCF syndicate lenders, which is backed by performance security guarantees from Export Development Canada.

Enerflex Ltd. (NYSE:EFXT) offers energy infrastructure and energy transition solutions in North America, Latin America, and the Eastern Hemisphere.

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Disclosure: None. This article is originally published at Insider Monkey.