Source Energy Services Ltd (TSE:SHLE) has released an update.
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Source Energy Services Ltd. has refinanced its credit facilities with a $135 million term loan and a $40 million revolving loan, improving its financial flexibility and liquidity. The new arrangements will help the company to redeem its senior secured notes and extend debt maturities to 2029. This strategic move supports Source Energy’s long-term growth objectives while reducing borrowing costs.
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