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Enerflex Announces Public Credit Rating And Provides Update On Acquisition Of Exterran

PUBLIC · EFXTMar 21, 2022

Acquiring Company

Enerflex

Acquired Company

Exterran

CalgaryManufacturingEnergyOil And GasNatural ResourcesRenewable Energy

Description

Enerflex Ltd. (TSX:EFX) (“Enerflex” or the “Company” or “we” or “our”), a leading supplier of products and services to the global energy industry, announced today that S&P Global Ratings (“S&P”) and Fitch Ratings Ltd. (“Fitch”) have each provided an initial credit rating for the pro forma combination of Enerflex and Exterran Corporation (“Exterran”). S&P’s initial corporate credit rating is BB- with a stable outlook and Fitch’s initial long-term issuer rating is BB- with a stable outlook. The ratings will be used to support our previously announced high yield debt offering that we intend to pursue.

Company Information

Company

Enerflex

Location

Calgary, Alberta, Canada

About

Enerflex is a premier integrated global provider of energy infrastructure and energy transition solutions, deploying natural gas, low-carbon, and treated water solutions – from individual, modularized products and services to integrated custom solutions. With over 4,400 engineers, manufacturers, technicians, and innovators, Enerflex is bound together by a shared vision: Transforming Energy for a Sustainable Future. The Company remains committed to the future of natural gas and the critical role it plays, while focused on sustainability offerings to support the energy transition and growing decarbonization efforts.

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Frequently asked

Who acquired Exterran?

Exterran was acquired by Enerflex, based in Calgary. The deal was reported on March 21, 2022. Enerflex is publicly traded (EFXT) and operates in Manufacturing.

When did Enerflex acquire Exterran?

Enerflex's acquisition of Exterran was reported on March 21, 2022. Enerflex Ltd. (TSX:EFX) (“Enerflex” or the “Company” or “we” or “our”), a leading supplier of products and services to the global energy industry, announced today that S&P Global Ratings (“S&P”) and Fitch Ratings Ltd. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Exterran do?

Exterran It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.