Total Energy Services Inc. Increases Credit Facilities
CALGARY, Alberta, April 25, 2018 (GLOBE NEWSWIRE) — Total Energy Services Inc. (“Total”) (TSX:TOT) has increased its existing revolving credit facilities by $65 million to $290 million (collectively, the “Credit Facility”). The Credit Facility has also been extended to June 2021 and, subject to certain terms and conditions including the agreement of existing lenders to increase their commitments, Total may elect to increase amounts available to it under the Credit Facility, at any time during the term, by up to $75 million (to a maximum borrowing of $365 million).
Headquartered in Calgary, Alberta, Total provides contract drilling services, rentals and transportation services, well servicing and compression and process equipment and service to oil and natural gas producers operating in North America, Australia and other international markets. The common shares of Total are listed and trade on the TSX under the symbol TOT.
For further information, please contact Yuliya Gorbach, Vice President, Finance & CFO at (403) 216-3920 or by e-mail at: email@example.com or visit our website at www.totalenergy.ca.
The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.
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