Calgary, Alberta, March 30, 2022 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“”ClearStream“) (TSX: CSM) today, lenders based on the $ 15 million asset-based revolving credit facility extend the facility’s maturity date to April 14, 2022, and ClearStream completes a document with the new lender. Announced that it has agreed to allow additional time for the $ 25 million asset-based revolving creditor, along with existing lenders for related amendments to loan documents, with a three-year period. ClearStream Expects refinancing to be completed by April 14, 2022.
About ClearStream Energy Services Inc.
With over 50 years of excellence and a legacy of experience, ClearStream provides solutions for energy and industrial markets such as oil and gas, petrochemicals, mining, electricity, agriculture, forestry, infrastructure and water treatment. With strategically located offices and a dedicated workforce throughout Canada, we provide maintenance, construction, wear technology and environmental services to keep our customers moving forward. For more information on ClearStream, please visit www.clearstreamenergy.ca or contact us below.
Advice on future outlook information
Certain information contained in this press release may constitute “forward-looking information” in the sense of Canadian securities law. In some cases, information about the future outlook is not a term such as “will,” “believe,” “potential,” “continue,” or a negative expression or historical fact of these terms. It can be identified by other similar expressions for the matter. Specifically, this press release contains information on the future outlook for Clearstream’s asset-based revolving credit line refinancing.
Information about the future outlook carries significant risks and uncertainties. Due to many factors, including successful response to the COVID-19 pandemic, risks associated with integration, actual events or outcomes may differ materially from the events and outcomes described in the Forward-Looking Information. There is sex. Acquired business conditions, capital market conditions, economic conditions, commodity prices, reliance on key personnel, interest rates, regulatory changes, ability to meet working capital requirements and capital spending needs, weather and labor availability Gender-related factors. These factors should not be considered exhaustive. The risks and uncertainties associated with Clearstream’s business are more fully discussed in Clearstream’s disclosure materials. This includes an annual information form and management discussion and analysis of operating results and financial results, submitted to Canadian securities regulators and available at www.sedar.com. In developing information about the outlook, management said that the business and economic conditions that affect ClearStream include, but are not limited to, general levels of economic activity, regulation, taxes, and interest rates. It is expected to continue substantially. Forward-looking information is based on what ClearStream management considers to be reasonable assumptions based on currently available information, but actual events or results are consistent with this forward-looking information. There is no guarantee. It turned out to be incorrect.
Information regarding this forward-looking statement was produced as of the date of this press release, and ClearStream is obliged to update or revise the information to reflect new events and circumstances, except as required by law. We do not owe. You should not place excessive trust in information about your future prospects. Forward-looking information is provided with the purpose of providing information on management’s current expectations and future plans. Please note that such information may not be suitable for other purposes.
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ClearStream provides up-to-date information on refinancing credit facilities in the Canadian Business Journal.
Source link ClearStream provides up-to-date information on refinancing credit facilities in the Canadian Business Journal.