CWC Energy Services Corp. has informed its syndicated lenders that the Company will be exercising its accordion feature to expand its credit facilities from CAD 62.75 million and USD 5.75 million to CAD 58.21 million and USD 17.0 million. The expanded credit facilities are expected to provide financial security and flexibility to July 31, 2025.

The existing credit facilities were used to complete the Acquisition and the expanded credit facilities will subsequently be available to complete the planned upgrades and Level IV recertifications on the three acquired drilling rigs as well as assist the Company in completing further acquisitions, finance further capital expenditures and for general working capital purposes.