Superior Plus announced its wholly owned subsidiaries Superior Plus, Superior Plus US Financing and Comercial E Industrial ERCO (Chile) Limitada have completed an extension of its $570 million syndicated credit facility, with Scotiabank Global Banking and Markets and TD Securities as co-lead arrangers, with a group of eight lenders.

The size of the facility and financial covenants were not changed. The syndicated credit facility has a maturity of June 27, 2019. Superior maintains the flexibility to expand the facility up to $750 million.

“We are pleased to have completed the extension of the syndicated credit facility with strong support from our lenders. With the extension, Superior maintains the financial flexibility necessary to operate its businesses over the long-term and meet its current debt maturities, in addition to maintaining our commitment to reduce our total debt obligations consistent with Superior’s debt reduction plan,” said Wayne Bingham, EVP and CFO.

Superior consists of three primary operating businesses Energy Services includes the distribution of propane and distillates, providing fixed-price energy services, and supply portfolio management; Specialty Chemicals includes the manufacture and sale of specialty chemicals; and Construction Products Distribution includes the distribution of specialty construction products.