CALGARY, Alberta, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Total Energy Services Inc. (“Total Energy”) (TSX:TOT) announces that it has extended its $170 million revolving syndicated bank credit facilities (the “Credit Facility”) to January 10, 2029. Other than the extension of the maturity date, there were no changes to the terms and conditions of the Credit Facility. Headquartered in Calgary, Alberta, Total Energy provides contract drilling services, equipment rentals and transportation services, well servicing a ...

Core Points - The Company has extended its secured syndicated credit facility to July 2029, providing additional financial flexibility [2][6] - The total amount available under the Credit Facility remains at $250 million, with an increased accordion option of $150 million, allowing for a potential total of $400 million [2][6] - As of June 30, 2025, $155 million was drawn under the Credit Facility, and the Company aims to achieve a target leverage ratio of 2.0x – 2.5x [3] Financial Structure - The Credit Facility has been simplified by consolidating two existing tranches into a single facility of $250 million with improved pricing [2] - The Credit Facility is available for financing permitted acquisitions, capital expenditures, and general corporate purposes [3] Company Overview - The Company is a leading provider of registry and information management services for public data and records, focusing on sustaining its core business while pursuing new growth opportunities [4]