STEP Energy Services Ltd. announced that it has entered into an agreement with its lenders to both extend and amend its credit facilities. The maturity date of STEP’s credit facilities has been extended by 13 months, from June 25, 2022 to July 30, 2023. As well, covenant relief provisions therein have been extended, permitting a maximum Funded Debt to EBITDA Ratio of 3.50:1, and a maximum Interest Coverage Ratio covenant of 3.00:1, for the fiscal quarter ending June 30, 2022.