Enerflex (TSE:EFX) has released an update.
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Enerflex Ltd. is set to reduce its debt by redeeming $62.5 million of its 9.00% Senior Secured Notes, with a net debt balance reduction of approximately $100 million in Q3/24. The company’s solid financial maneuvers, including the recent extension and expansion of its credit facility, are paving the way for enhanced shareholder returns and achieving targeted leverage ratios.
For further insights into TSE:EFX stock, check out TipRanks’ Stock Analysis page.
