Enerflex (TSE:EFX) has released an update.
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Enerflex Ltd. has announced the extension of its revolving credit facility to October 2026, increasing its limit to $800 million to bolster global business liquidity, while also planning to repay its existing term loan to optimize debt. The company is aiming for a net debt-to-EBITDA ratio of 1.5x to 2.0x, indicating a focus on financial health and potential future shareholder returns. Enerflex’s financial results for the second quarter will be released on August 7, 2024, with a subsequent conference call scheduled for the following day.
For further insights into TSE:EFX stock, check out TipRanks’ Stock Analysis page.
