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Source Energy Services Refinances Credit Facilities with Silver Point Finance and CIBC
Dec 20, 2024•over 1 year ago
Contract Type
partnership
British ColumbiaEnergyOil And Gas
Description
Source Energy Services Ltd. has completed a comprehensive refinancing of its credit facilities. This includes entering into a new five year $135 million (USD) term loan with Silver Point Finance, LLC and a new $40 million (CND) revolving asset-backed loan facility with the Canadian Imperial Bank of Commerce. The refinancing package aims to strengthen the company's balance sheet, enhance liquidity, and position the company to execute on long-term growth strategies while continuing to de-lever the business.
Company Information
Company
Source Energy Services Ltd
Location
British Columbia, Canada
About
Source Energy Services is a company that focuses on the integrated production and distribution of frac sand, as well as the distribution of other bulk completion materials not produced by Source.
Predictive Intelligence
Strategic
ML-powered predictions for Source Energy Services Ltd's next move
British ColumbiaEnergyOil And Gas