Trican Well Service Ltd. Announces Extension and Expansion of Credit Facility

Rhea-AI Summary

Trican Well Service Ltd. (TOLWF) announced an amendment to its Revolving Credit Facility on December 5, 2025 that expands the facility from $150 million to $200 million and extends the maturity by two years to a new date of December 5, 2028.

The expanded RCF is described as enhancing the company's financial flexibility to support operations and strategic growth initiatives and is presented as reflecting a strong financial position and commitment to long-term stakeholder value.

Positive

• RCF increased from $150M to $200M
• 33% larger revolving credit capacity
• Maturity extended by 2 years to Dec 5, 2028
• Improved short-term liquidity and financing flexibility

Negative

• Higher available credit could increase leverage if drawn
• Potential interest expense if facility is utilized

Calgary, Alberta--(Newsfile Corp. - December 5, 2025) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") today announced the successful expansion and extension of its Revolving Credit Facility ("RCF").

Trican has entered into an amending agreement with its existing lending syndicate to expand the RCF from $150 million to $200 million and extend its term by two years, establishing a new maturity date of December 5, 2028.

The expanded facility enhances Trican's financial flexibility and supports the Company's operational requirements and strategic growth initiatives. This extension underscores Trican's strong financial position and continued commitment to delivering long-term value to stakeholders.

About Trican Well Service Ltd.

Headquartered in Calgary, Alberta, Trican supplies oil and natural gas well servicing equipment and solutions to our customers through the drilling, completion and production cycles. Our team of technical experts provide state-of-the-art equipment, engineering support, reservoir expertise and laboratory services through the delivery of hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales for the oil and gas industry in Western Canada.

Requests for further information should be directed to:

Bradley P.D. Fedora
President and Chief Executive Officer

Scott E. Matson
Chief Financial Officer

Phone: (403) 266-0202
2900, 645 - 7th Avenue S.W.
Calgary, Alberta T2P 4G8

Please visit our website at www.tricanwellservice.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277085

FAQ

What change did Trican (TOLWF) make to its revolving credit facility on December 5, 2025?

Trican expanded the RCF from $150M to $200M and extended the maturity to Dec 5, 2028.

How much longer is Trican's (TOLWF) credit facility term after the amendment?

The term was extended by two years, moving the maturity to Dec 5, 2028.

What is the percentage increase in Trican's (TOLWF) revolving credit capacity?

The facility rose from $150M to $200M, a 33% increase in capacity.

How does the expanded RCF affect Trican's (TOLWF) liquidity and operations?

The company says the expanded RCF enhances financial flexibility to support operations and strategic growth.

Will Trican (TOLWF) face additional costs from using the expanded credit facility?

If drawn, the facility may increase interest expense and raise leverage depending on borrowing levels.