- Enerflex (NYSE:EFXT) on Wednesday entered into an agreement to extend the maturity date of its secured revolving credit facility by one year to October 13, 2026.
- Availability under the facility has been increased to $800 million from $700 million.
- In conjunction with the extension, Enerflex said it will repay all outstanding amounts under its secured term loan using cash on hand and availability under the expanded RCF.
- Enerflex is also introducing a new leverage framework, targeting a bank-adjusted net debt-to-EBITDA ratio of 1.5x to 2.0x.
- Source: Press Release
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