CALGARY, Alberta, Oct.  06, 2022  (GLOBE NEWSWIRE) -- ClearStream Energy Services Inc. (“ClearStream” or the “Company”) (TSX: CSM) today announced that it has amended its asset-based revolving credit facility (the “ABL Facility”) with The Toronto-Dominion Bank to increase the maximum borrowings available thereunder to $50 million. The amount available under the ABL Facility will vary from time to time based on the borrowing base determined with reference to the accounts receivable of ClearStream and certain of its subsidiaries. The maturity date of the ABL Facility is April 14, 2025.
ClearStream increases Credit Facility to $50 million
ClearStream increases Credit Facility to $50 million --  ClearStream Energy Services Inc. (“ClearStream” or the “Company”) (TSX: CSM) today announced that it has amended its asset-based revolving credit facility (the “ABL Facility”) with The Toronto-Dominion Bank to increase the maximum borrowings available thereunder to $50 million. The amount available under the ABL Facility will vary from time to time based on the borrowing base determined with reference to the accounts receivable of ClearStream and certain of its subsidiaries. The maturity date of the ABL Facility is April 14, 2025.