Enerflex Ltd. Announces Extension of Revolving Credit Facility and Timing of Second Quarter Release
Enerflex Ltd. (NYSE: EFXT) has successfully extended its syndicated secured revolving credit facility (RCF) maturity date by three years to July 11, 2028, maintaining the availability at $800 million. As of March 31, 2025, the company had drawn $117 million on the RCF. The company also maintains a $70 million unsecured credit facility supported by Export Development Canada.
The company's interim CFO highlighted that this renewal provides enhanced liquidity and improved terms, supporting Enerflex's strategic priorities which include improving core operations profitability, capitalizing on expected natural gas and produced water volume increases, and maximizing free cash flow. Additionally, Enerflex announced it will release its Q2 2025 financial results on August 7, 2025, before market opening.
Enerflex Ltd. (NYSE: EFXT) ha prorogato con successo la scadenza della sua linea di credito revolving garantita sindacata (RCF) di tre anni, portandola al 11 luglio 2028, mantenendo la disponibilità a 800 milioni di dollari. Al 31 marzo 2025, la società aveva utilizzato 117 milioni di dollari della RCF. Inoltre, Enerflex dispone di una linea di credito non garantita da 70 milioni di dollari, supportata da Export Development Canada.
Il CFO ad interim dell'azienda ha sottolineato che questo rinnovo garantisce una maggiore liquidità e condizioni migliorate, a sostegno delle priorità strategiche di Enerflex, che includono il miglioramento della redditività delle operazioni principali, la valorizzazione dell’aumento previsto dei volumi di gas naturale e acqua prodotta, e la massimizzazione del flusso di cassa libero. Enerflex ha inoltre annunciato che pubblicherà i risultati finanziari del secondo trimestre 2025 il 7 agosto 2025, prima dell’apertura dei mercati.
Enerflex Ltd. (NYSE: EFXT) ha extendido con éxito la fecha de vencimiento de su línea de crédito revolvente sindicada garantizada (RCF) por tres años hasta el 11 de julio de 2028, manteniendo la disponibilidad en 800 millones de dólares. Al 31 de marzo de 2025, la compañía había utilizado 117 millones de dólares de la RCF. La empresa también mantiene una línea de crédito no garantizada de 70 millones de dólares, respaldada por Export Development Canada.
El director financiero interino destacó que esta renovación proporciona mayor liquidez y mejores condiciones, apoyando las prioridades estratégicas de Enerflex, que incluyen mejorar la rentabilidad de las operaciones principales, aprovechar el aumento esperado en los volúmenes de gas natural y agua producida, y maximizar el flujo de caja libre. Además, Enerflex anunció que publicará sus resultados financieros del segundo trimestre de 2025 el 7 de agosto de 2025, antes de la apertura del mercado.
Enerflex Ltd. (NYSE: EFXT)는 신디케이트 담보 회전 신용 시설(RCF)의 만기일을 3년 연장하여 2028년 7월 11일로 설정했으며, 이용 가능 금액은 8억 달러로 유지했습니다. 2025년 3월 31일 기준으로 회사는 RCF에서 1억 1,700만 달러를 인출했습니다. 또한, Export Development Canada가 지원하는 7,000만 달러의 무담보 신용 시설도 유지하고 있습니다.
회사의 임시 최고재무책임자(CFO)는 이번 갱신이 유동성을 강화하고 조건을 개선하여, 핵심 운영 수익성 향상, 예상되는 천연가스 및 생산수량 증가 활용, 자유 현금 흐름 극대화 등 Enerflex의 전략적 우선순위를 지원한다고 강조했습니다. 또한 Enerflex는 2025년 2분기 재무 결과를 2025년 8월 7일 시장 개장 전에 발표할 예정이라고 밝혔습니다.
Enerflex Ltd. (NYSE : EFXT) a réussi à prolonger la date d'échéance de sa facilité de crédit renouvelable syndiquée garantie (RCF) de trois ans, jusqu'au 11 juillet 2028, en maintenant une disponibilité de 800 millions de dollars. Au 31 mars 2025, la société avait tiré 117 millions de dollars sur cette facilité. Elle dispose également d'une facilité de crédit non garantie de 70 millions de dollars, soutenue par Export Development Canada.
Le directeur financier par intérim de l'entreprise a souligné que ce renouvellement améliore la liquidité et les conditions, soutenant ainsi les priorités stratégiques d'Enerflex, qui incluent l'amélioration de la rentabilité des opérations principales, la capitalisation sur l'augmentation prévue des volumes de gaz naturel et d'eau produite, ainsi que la maximisation du flux de trésorerie disponible. Par ailleurs, Enerflex a annoncé qu'elle publiera ses résultats financiers du deuxième trimestre 2025 le 7 août 2025, avant l'ouverture des marchés.
Enerflex Ltd. (NYSE: EFXT) hat erfolgreich die Laufzeit seiner syndizierten besicherten revolvierenden Kreditfazilität (RCF) um drei Jahre bis zum 11. Juli 2028 verlängert und dabei die Verfügbarkeit von 800 Millionen US-Dollar beibehalten. Zum 31. März 2025 hatte das Unternehmen 117 Millionen US-Dollar der RCF in Anspruch genommen. Zudem verfügt das Unternehmen über eine unbesicherte Kreditfazilität in Höhe von 70 Millionen US-Dollar, die von Export Development Canada unterstützt wird.
Der interimistische CFO des Unternehmens hob hervor, dass diese Verlängerung die Liquidität verbessert und bessere Konditionen bietet, wodurch die strategischen Prioritäten von Enerflex unterstützt werden. Dazu gehören die Steigerung der Rentabilität der Kernaktivitäten, die Nutzung erwarteter Volumensteigerungen bei Erdgas und produziertem Wasser sowie die Maximierung des freien Cashflows. Außerdem kündigte Enerflex an, die Finanzergebnisse für das zweite Quartal 2025 am 7. August 2025 vor Handelsbeginn zu veröffentlichen.
- Extended RCF maturity by 3 years with maintained $800 million availability
- Secured renewed lending commitments from all current syndicate members
- Improved credit facility terms enhancing financial flexibility
- Low RCF utilization with only $117 million drawn from $800 million available
- Continued reliance on credit facilities for operations and growth
Insights
Enerflex secures 3-year credit facility extension, maintaining $800M capacity with improved terms while drawing only $117M currently.
Enerflex's announcement of its amended and restated credit agreement represents a positive financial development for the company. The three-year extension of their revolving credit facility (RCF) to July 2028 maintains the substantial
The extension was supported with renewed commitments from all current syndicate members, demonstrating strong banking relationships. Additionally, Enerflex maintains a separate
This refinancing provides Enerflex with enhanced financial flexibility during a critical period. The company has outlined clear priorities focused on operational profitability improvements, capitalizing on expected increases in natural gas and produced water volumes, and maximizing free cash flow generation. The latter will be particularly important for strengthening their balance sheet, providing shareholder returns, and funding growth opportunities.
The improved terms mentioned in the release, though not specifically detailed, suggest the company likely secured more favorable pricing or covenants, which could reduce financing costs going forward. For an energy infrastructure company like Enerflex, maintaining strong liquidity with extended maturities provides valuable operational runway and strategic optionality, especially important given the capital-intensive nature of their business.
All amounts presented in this release are in U.S. Dollar (“USD”) unless otherwise stated.
CALGARY, Alberta, July 14, 2025 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) is pleased to announce that the Company has entered into an amended and restated credit agreement dated July 11, 2025 with respect to its syndicated secured revolving credit facility (the “RCF”). The maturity date of the RCF has been extended by three years to July 11, 2028 and availability is unchanged at
The Company also continues to maintain a
Joe Ladouceur, Enerflex’s CFO (Interim), commented, “We appreciate the strong support and continued partnership from our lending syndicate. The renewal of the RCF provides Enerflex with strong liquidity and improved terms, supporting efforts to deliver long-term growth and value creation for Enerflex shareholders.
Enerflex’s near-term priorities remain unchanged and include: (1) enhancing the profitability of core operations; (2) leveraging the Company’s leading position in core operating countries to capitalize on expected increases in natural gas and produced water volumes; and (3) maximizing free cash flow to further strengthen Enerflex’s financial position, provide direct shareholder returns, and invest in selective customer supported growth opportunities.”
Q2 Earnings Release
Enerflex plans to release its financial results and operating highlights for the three and six months ended June 30, 2025, prior to the markets opening on Thursday, August 7, 2025. Results will be communicated by news release and will be available on the Company's website at www.enerflex.com and under the electronic profile of the Company on SEDAR+ and EDGAR at www.sedarplus.ca and www.sec.gov/edgar, respectively.
Investors, analysts, members of the media, and other interested parties, are invited to listen to or participate in a conference call and audio webcast on Thursday, August 7, 2025 at 8:00 a.m. (MDT), where members of senior management will discuss the Company’s results. A question-and-answer period will follow.
Those wishing to listen or participate may register at https://register-conf.media-server.com/register/BI5f86b18a965d4257a4408154efdc3493. Once registered, participants will receive the dial-in numbers and a unique PIN to enter the call. The audio webcast of the conference call will be available on the Enerflex website at www.enerflex.com under the Investors section or can be accessed directly at https://edge.media-server.com/mmc/p/b7388nss/.
ADVISORY REGARDING FORWARD-LOOKING INFORMATION
This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” (and together with “forward-looking information”, “FLI”) within the meaning of the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are FLI. The use of any of the words “efforts”, “expected”, “may”, “plan”, “will”, and similar expressions, are intended to identify FLI. In particular, this news release includes (without limitation) FLI pertaining to the Company’s (i) continuing efforts to deliver long-term growth and value creation for Enerflex shareholders and the nature and success of such efforts, if at all; (ii) expectations for increases in natural gas and produced water volumes and the ability of the Company to capitalize on these increases; (iii) ability to continue to deliver direct shareholder returns; and (iv) expectation to release its financial results and operating highlights for the three and six months ended June 30, 2025, prior to the markets opening on Thursday, August 7, 2025.
FLI reflects management's current beliefs and assumptions with respect to such things as the impact of general economic conditions; commodity prices; the markets in which Enerflex's products and services are used; general industry conditions, forecasts, and trends; changes to, and introduction of new, governmental regulations, laws, and income taxes; increased competition; availability of qualified personnel; political unrest and geopolitical conditions; and other factors, many of which are beyond the control of Enerflex. More specifically, Enerflex’s expectations in respect of its FLI are based on a number of assumptions, estimates and projections developed based on past experience and anticipated trends and, in respect of increases in natural gas and produced water volumes, industry third party data. As a result of the foregoing, actual results, performance, or achievements of Enerflex could differ and such differences could be material from those expressed in, or implied by, the FLI. The principal risks, uncertainties and other factors affecting Enerflex and its business are identified under the heading "Risk Factors" in: (i) Enerflex's Annual Information Form for the year ended December 31, 2024, dated February 27, 2025; and (ii) Enerflex's Annual Report dated February 26, 2025, copies of which are available under the electronic profile of the Company on SEDAR+ and EDGAR at www.sedarplus.ca and www.sec.gov/edgar, respectively.
Readers are cautioned that the foregoing list of assumptions and risk factors should not be construed as exhaustive. The FLI included in this news release are made as of the date of this news release and are based on the information available to the Company at such time and, other than as required by law, Enerflex disclaims any intention or obligation to update or revise any FLI, whether as a result of new information, future events, or otherwise. This news release and its contents should not be construed, under any circumstances, as investment, tax, or legal advice.
ABOUT ENERFLEX
Enerflex is a premier integrated global provider of energy infrastructure and energy transition solutions, deploying natural gas, low-carbon, and treated water solutions – from individual, modularized products and services to integrated custom solutions. With over 4,600 engineers, manufacturers, technicians, and innovators, Enerflex is bound together by a shared vision: Transforming Energy for a Sustainable Future. The Company remains committed to the future of natural gas and the critical role it plays, while focused on sustainability offerings to support the energy transition and growing decarbonization efforts.
Enerflex's common shares trade on the Toronto Stock Exchange under the symbol "EFX" and on the New York Stock Exchange under the symbol "EFXT". For more information about Enerflex, visit www.enerflex.com.
For investor and media enquiries, contact:
Preet S. Dhindsa
President and Chief Executive Officer (Interim)
E-mail: PDhindsa@enerflex.com
Joe Ladouceur
Chief Financial Officer (Interim)
E-mail: JLadouceur@enerflex.com
Jeff Fetterly
Vice President, Corporate Development and Capital Markets
E-mail: JFetterly@enerflex.com
FAQ
What are the new terms of Enerflex's (EFXT) revolving credit facility extension?
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