Pulse Seismic Inc. reported that it has amended and restated its senior credit facility effective December 18, 2020. The sale announced is a transaction-based seismic data licensing sale. The licensed data is spread throughout the Deep Basin region of the Western Canada Sedimentary Basin. Transaction-based sales are a significant part of Pulse’s revenue this year, as traditional sales are low due to reduced capital spending among Pulse’s customers. The simplified Restated Credit Agreement consists of a $25.0 million revolving credit facility. Prior to the amendment and restatement, the credit facilities were comprised of a $30.0 million revolving credit facility and a $15.0 million term facility with a $40.0 million accordion feature. At the amendment date the balances owing were $5.9 million on the revolving facility and $12.4 million on the term facility. The balance of the term facility has been repaid with proceeds from the revolving facility and cancelled. As of the balance drawn on the revolving credit facility is $18.3 million, leaving $6.7 million available. As part of the new arrangement, the agreement has also been extended an additional year, from January 15, 2022 to January 15, 2023. The covenants and other terms and conditions under the Restated Credit Agreement were substantially carried over from the existing credit agreement.