Total Energy Services Inc. Enhances Credit Facilities
CALGARY, Alberta — Total Energy Services Inc. (“Total Energy”) (TSX:TOT) has successfully extended its $170 million revolving syndicated bank credit facilities until January 10, 2029. This strategic move allows the company to maintain its financial stability and operational capacity within the industry.
The Impact of Extended Credit Facilities
This extension of the maturity date is significant for Total Energy, providing assurance for ongoing operations without altering the terms of the Credit Facility. Financial health is crucial in the competitive landscape of the energy sector, and this decision reflects the company's commitment to prudent financial management.
Overview of Total Energy Services
Headquartered in Calgary, Total Energy specializes in a variety of essential services for the energy and resource industries. The company offers contract drilling, equipment rentals, transportation services, well servicing, and provides compression and process equipment solutions. With a solid operational base in North America and Australia, Total Energy continues to adapt and grow alongside industry demands.
Engaging with Total Energy Services
For stakeholders and interested parties looking for more information, Yuliya Gorbach, Vice-President Finance and Chief Financial Officer, is available for inquiries. You can reach her at (403) 216-3920 or via email at investorrelations@totalenergy.ca. Additionally, more insights about the company can be found on their official website at www.totalenergy.ca.
Frequently Asked Questions
What are the new terms of the extended credit facilities?
The maturity date of the credit facilities has been extended to January 10, 2029, with no changes to the other terms and conditions.
What services does Total Energy provide?
Total Energy offers contract drilling, equipment rentals, transportation, and well servicing along with compression and process equipment services.
Where is Total Energy headquartered?
Total Energy is based in Calgary, Alberta, and operates across North America and Australia.
How can I contact Total Energy's investor relations?
You can contact Yuliya Gorbach at (403) 216-3920 or via email at investorrelations@totalenergy.ca.
On which stock exchange is Total Energy listed?
Total Energy is traded on the TSX under the ticker symbol “TOT”.
