Superior Plus increased its senior secured credit facility from $620 million to $750 million with The Bank of Nova Scotia serving as administrative agent. TD Securities acted as co-lead arranger of the group of 10 lenders._x000D_
The May 8, 2023 maturity date of the facility remains unchanged, and there were no changes to the financial covenants. The accordion facility, which could provide an additional $300 million of capacity, has also been maintained.
Superior consists of two primary operating businesses: energy distribution, which includes the distribution of propane and distillates and supply portfolio management, and specialty chemicals, which includes the manufacture and sale of specialty chemicals.
