Cathedral Energy Services entered into a new credit facility, with Alberta Treasury Branches serving as agent and lender and Export Development Canada acting solely as lender.
Cathedral Energy Services amended its credit facility with The Bank of Nova Scotia and National Bank of Canada. Export Development Canada has joined Cathedral’s banking syndicate.
Cathedral Energy Services is currently in discussions with Scotiabank and National Bank of Canada regarding proposed amendments to its credit facility.
Cathedral Energy Services has negotiated amendments to its credit facility with the Bank of Nova Scotia and National Bank of Canada, including a $15 million reduction.