Enterprise Group Announces New $41 Million Credit Facility with a Canadian Schedule 1 Bank
Enterprise Group (TSX: E, OTCQB: ETOLF) has announced the finalization of a $41 million senior secured credit facility with a Canadian Schedule 1 bank. The facility, bearing interest at up to prime + 2%, will support acquisitions, capital expenditures, and working capital needs.
The credit facility is secured by a first charge on all company assets and is subject to specific financial covenants. Enterprise Group, which specializes in energy services and equipment for the energy/resource sector, focuses on technologies that reduce CO2 and GHG emissions for both local and Tier One resource clients.
Enterprise Group (TSX: E, OTCQB: ETOLF) ha annunciato la finalizzazione di un prestito senior garantito di 41 milioni di dollari con una banca canadese di Schedule 1. Il prestito, con un tasso d'interesse fino a prime + 2%, supporterà acquisizioni, spese in conto capitale e necessità di capitale circolante.
Il prestito è garantito da un primo diritto su tutti gli attivi dell'azienda ed è soggetto a specifici vincoli finanziari. Enterprise Group, specializzata in servizi energetici e attrezzature per il settore energetico/risorse, si concentra su tecnologie che riducono le emissioni di CO2 e GHG per clienti locali e di livello uno nel settore delle risorse.
Enterprise Group (TSX: E, OTCQB: ETOLF) ha anunciado la finalización de un préstamo senior garantizado de 41 millones de dólares con un banco canadiense de Schedule 1. El préstamo, con un interés de hasta prime + 2%, apoyará adquisiciones, gastos de capital y necesidades de capital de trabajo.
El préstamo está garantizado por un primer derecho sobre todos los activos de la empresa y está sujeto a convenios financieros específicos. Enterprise Group, que se especializa en servicios de energía y equipos para el sector energético/recursos, se centra en tecnologías que reducen las emisiones de CO2 y GHG para clientes locales y de primer nivel en el sector de recursos.
Enterprise Group (TSX: E, OTCQB: ETOLF)는 캐나다 Schedule 1 은행과 4,100만 달러 규모의 선순위 담보 신용 시설을 최종화했다고 발표했습니다. 이 신용 시설은 최대 프라임 + 2%의 이자를 부과하며, 인수, 자본 지출 및 운영 자본 필요를 지원할 것입니다.
신용 시설은 회사 자산에 대한 첫 번째 담보로 보장되며, 특정 재무 약정의 적용을 받습니다. 에너지 서비스 및 에너지/자원 부문 장비를 전문으로 하는 Enterprise Group은 지역 및 1급 자원 고객을 위해 CO2 및 온실가스(GHG) 배출을 줄이는 기술에 집중하고 있습니다.
Enterprise Group (TSX: E, OTCQB: ETOLF) a annoncé la finalisation d'une facilité de crédit senior sécurisée de 41 millions de dollars avec une banque canadienne de Schedule 1. La facilité, portant un intérêt allant jusqu'à prime + 2%, soutiendra les acquisitions, les dépenses d'investissement et les besoins en fonds de roulement.
La facilité de crédit est garantie par une première charge sur tous les actifs de l'entreprise et est soumise à des engagements financiers spécifiques. Enterprise Group, spécialisée dans les services énergétiques et l'équipement pour le secteur de l'énergie/ressources, se concentre sur des technologies qui réduisent les émissions de CO2 et de GES pour les clients locaux et de premier niveau dans le secteur des ressources.
Enterprise Group (TSX: E, OTCQB: ETOLF) hat die Finalisierung einer senior gesicherten Kreditfazilität über 41 Millionen Dollar mit einer kanadischen Schedule 1 Bank bekannt gegeben. Die Fazilität, die mit bis zu Prime + 2% verzinst wird, unterstützt Akquisitionen, Investitionen in Sachanlagen und Betriebskapitalbedarfe.
Die Kreditfazilität ist durch eine erste Belastung aller Unternehmensvermögen gesichert und unterliegt bestimmten finanziellen Vereinbarungen. Die Enterprise Group, die auf Energiedienstleistungen und -ausrüstungen für den Energie-/Ressourcensektor spezialisiert ist, konzentriert sich auf Technologien, die CO2- und Treibhausgasemissionen für lokale und Tier-One-Ressourcenkunden reduzieren.
- Secured substantial $41 million credit facility
- Enhanced financial flexibility for acquisitions and growth
- Competitive interest rate at prime + 2%
- New debt obligation increases financial leverage
- Subject to financial covenants that could restrict operations
St. Albert, Alberta--(Newsfile Corp. - April 7, 2025) - Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (the "Company" or "Enterprise"). Enterprise, a consolidator of energy services (including specialized equipment and services to the energy/resource sector), emphasizes technologies that mitigate, reduce, or eliminate CO2 and Green House Gas (GHG) and other harmful emissions for small local and Tier One resource clients, announces that it is finalizing a senior secured credit facility (the "Facility") with a Canadian Schedule 1 bank.
The new Facility is to be used for acquisitions, capital expenditures, and working capital. The Facility bears interest at a rate of up to prime +
"This new credit facility gives us the financial flexibility needed to support our growth plans and continue executing on our strategic priorities. It provides us with the resources to navigate the evolving market landscape while maintaining focus on operational efficiency and long-term stability," said Leonard D. Jaroszuk, CEO & Chairman of Enterprise Group, Inc.
About Enterprise Group, Inc. Enterprise Group, Inc., is a consolidator of services-including specialized equipment rental to the energy/resource sector. The Company works with particular emphasis on systems and technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas and other harmful emissions for itself and its clients. The Company is well known to local Tier One and international resource companies with operations in Western Canada. More information is available on the Company's website www.enterprisegrp.ca. Corporate filings can be found on www.sedarplus.ca.
For questions or additional information, please contact:
Leonard Jaroszuk: Chairman & CEO, or
Desmond O'Kell: President & Director
contact@enterprisegrp.ca
780-418-4400
Forward-Looking Information
This news release may contain certain forward-looking information, as defined under applicable Canadian securities legislation, that is not based on historical fact, including without limitation statements containing the words "believes", "anticipates", "plans", "intends", "will", "should", "expects", "continue", "estimate", "forecasts" and other similar expressions. In particular, this news release includes forward-looking information relating to the Company's intention to purchase Shares pursuant to the normal course issuer bid, the number of Shares to be purchased, the timing of such purchases and the impact of such purchases on the value of the remaining Shares. Actual results, events or developments could be materially different from those expressed or implied by these forward-looking statements. There is no assurance that any of the events or expectations will occur or be realized. By their nature, forward-looking statements are subject to numerous assumptions and risk factors including those discussed in the Company's Annual Information Form and most recent MD&A which are incorporated herein by reference and are available through SEDAR at www.sedarplus.ca. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247554
FAQ
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