Enerflex Ltd. announced the extension and consolidation of its credit facilities and outlined a new target leverage framework. Extension and Consolidation of Credit Facilities: Enerflex has entered into an agreement to extend the maturity date of its secured revolving credit facility (the ?RCF?) by one year to October 13, 2026. Availability under the RCF has been increased to $800 million from $700 million.

Enerflex has received renewed lending commitments from all current syndicate members and has also introduced HSBC Bank USA, N.A. as a lender. In conjunction with the extension, Enerflex will be repaying all outstanding amounts under its secured term loan (the ?TLA?) using cash on hand and availability under the expanded RCF. As at March 31, 2024, the TLA had drawings of $120 million.

The Company also continues to maintain a $70 million unsecured credit facility (the ?LC Facility?) with one of the lenders in its RCF syndicate. The LC Facility is supported by performance security guarantees provided by Export Development Canada. As at March 31, 2024, the Company had utilized $36 million of the $70 million LC Facility limit.