STEP Energy Services amends and extend credit facility

STEP Energy Services ( TSX: STEP:CA ) entered an amendment and restated credit agreement with a syndicate of Canadian banks which amends and extends its prior credit agreement. The agreement includes the following principal terms: a C$200M syndicated facility, a C$15M operating facility, a $15M operating facility; and a three-year term with a maturity date of September 27, 2027. The financial covenants are funded debt to EBITDA ratio not more than 3.

00:1.00, and interest coverage ratio at least 3.00:1.



00. More on STEP Energy Services Ltd. Historical earnings data for STEP Energy Services Ltd.

Financial information for STEP Energy Services Ltd..