Maxim Power and certain of its subsidiaries entered into a credit agreement with ATB Financial for a 35-month term that provides for senior debt financing of up to $44 million plus a cash collateralized letter of credit facility of $8 million.
Pipestone Energy successfully re-financed its existing credit facilities with a $225 million reserve-based loan (RBL), which provides meaningful financial flexibility going forward.
Delphi Energy has renewed the borrowing base of its senior credit facility led by Alberta Treasury Branches has been renewed at $80 million.
Flowr received a loan commitment from a syndicate of lenders led by ATB Financial in its capacity as lead arranger and administrative agent for up to $50 million of committed senior secured credit facilities.
Delphi Energy has extended the term out date of its $105 million senior secured credit facility to June 14, 2019. The bank syndicate is led by Alberta Treasury Branches and includes The Bank of Nova Scotia and Bank of Montreal.