Distinction Energy Corp. Announces $127.5 Million Credit Facility from A Syndicate of Lenders
April 28, 2021 at 05:36 pm EDT
Distinction Energy Corp. announced that portion of the Acquisition was financed with cash on hand and a new $127.5 million credit facility from a syndicate of lenders, which will be
approximately 50% drawn to fund closing, including ATB Financial (as agent), Bank of Montreal and National Bank of Canada (the "New Credit Facility"). The New Credit Facility amends and
restates the Company's existing credit facility in its entirety and includes, among other amendments, the addition of a syndicated facility, the removal of the accordion feature and an extension of the maturity date to May 31, 2022.