SECURE Energy Services has extended the maturity date of its existing $700 million syndicated credit facility by one year to September 26, 2019. There were no changes to the lenders included in the syndicate or their committed amounts, security, covenant terms, borrowing rates or standby fees.

In a prior news release, SECURE noted that its syndicated credit facility was led by Alberta Treasury Branches.

Key highlights of the credit facility which remain unchanged are as follows:

• Lenders include ten financial institutions and Canadian Chartered banks
• Comprised of a $675 million extendible revolving term credit facility and a $25 million revolving operating facility
• Ability to expand the credit facility to $800 million through the exercise of an additional $100 million accordion feature, available upon request by SECURE subject to review and approval by the lenders
• Secured by substantially all of the corporation’s assets