CALGARY, AB, April 15, 2025/ CNW/ – Ensign Energy Providers Inc. (” Ensign” or “the Business”) revealed today a change to its Credit Center, showing its continuous dedication to sensible monetary management and boosted liquidity. The readily available loanings under the Credit Center were initially set up to be minimized by $ 75.0 million on June 30, 2025 The Business has actually had the regards to its Credit Center modified so that there will be a phased decrease of $ 25.0 million on June 30, 2025, $ 25.0 million on September 30, 2025, and $ 25.0 million on December 31, 2025 This decrease strategy will bring the readily available loanings under the Credit Center to the last size of $ 700.0 million at December 31, 2025
The modified structure supplies the Business with higher monetary versatility while preserving its disciplined technique to financial obligation decrease. By spreading out the decrease over 3 quarters, the business guarantees continual liquidity to support functional quality, buy development chances when they provide themselves, and browse vibrant market conditions.
Ensign is a worldwide leader in oilfield services, headquartered out of Calgary, Alberta, running in Canada, the United States and globally. We are among the world’s leading land-based drilling and well servicing specialists serving petroleum, gas, and geothermal operators. Our premium services consist of agreement drilling, directional drilling, underbalanced and handled pressure drilling, rental devices, well servicing and production services. Please visit our site at ensignenergy.com.
Ensign’s Typical Shares are openly traded though the centers of the Toronto Stock Market under the trading sign ESI.
SOURCE Ensign Energy Providers Inc.
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