Enerflex has entered into an amended and restated credit agreement dated July 11, 2025 with respect to its syndicated secured revolving credit facility (RCF). The maturity date of the RCF has been extended by three years to July 11, 2028 and availability is unchanged at $800 million. As at March 31, 2025, the company had drawn $117 million on its RCF. Led by the Royal Bank of Canada as agent, Enerflex received renewed lending commitments from all current syndicate members.
The company also continues to maintain a $70 million unsecured credit facility with one of the lenders in its RCF syndicate. The LC facility is supported by performance security guarantees provided by Export Development Canada.
“We appreciate the strong support and continued partnership from our lending syndicate,” Joe Ladouceur, interim chief financial officer at Enerflex, said. “The renewal of the RCF provides Enerflex with strong liquidity and improved terms, supporting efforts to deliver long-term growth and value creation for Enerflex shareholders. Enerflex’s near-term priorities remain unchanged and include: (1) enhancing the profitability of core operations; (2) leveraging the company’s leading position in core operating countries to capitalize on expected increases in natural gas and produced water volumes; and (3) maximizing free cash flow to further strengthen Enerflex’s financial position, provide direct shareholder returns and invest in selective customer supported growth opportunities.”
