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Source Energy Services Refinances Credit Facilities with Silver Point Finance and CIBC

Source Energy Services Refinances Credit Facilities with Silver Point Finance and CIBC

12/20/24, 9:38 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svgbritish columbia
Money
$135 million
Industry
oil and gas
energy
Type
partnership
Source Energy Services Ltd. has completed a comprehensive refinancing of its credit facilities. This includes entering into a new five year $135 million (USD) term loan with Silver Point Finance, LLC and a new $40 million (CND) revolving asset-backed loan facility with the Canadian Imperial Bank of Commerce. The refinancing package aims to strengthen the company's balance sheet, enhance liquidity, and position the company to execute on long-term growth strategies while continuing to de-lever the business.

Company Info

Company
Source Energy Services Ltd
Location
british columbia, canada
Additional Info
Source Energy Services is a company that focuses on the integrated production and distribution of frac sand, as well as the distribution of other bulk completion materials not produced by Source.