TOLWF - Trican Well Service amends and extends revolving credit facility

Trican Well Service ([[TOLWF]] -1.2%) entered into an agreement with a syndicate of Canadian banks to amend and extend its revolving credit facility.A one-year extension of the maturity date from December 5, 2021 to December 5, 2022, with a nominal increase in the interest rates and standby fees. A reduction in the commitment level from $275M to $125M, accompanied by an increase in the uncommitted accordion feature from $50M to $125M.Company believes that this Amended RCF provides more than ample liquidity for its existing business, as Trican exited Q3 2020 with less than $2M drawn on the RCF.

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Trican Well Service amends and extends revolving credit facility