Newalta Corporation ("Newalta") (TSX:NAL) announced today that effective March 31, 2017, it has amended and extended its $150 million extendible revolving Credit Facility. Key changes to the agreement include:
"The renewal and renegotiation of our Credit Facility is an example of how we are actively managing our business to provide additional financial flexibility in a recovering market," said Linda Dietsche, Executive Vice President and Chief Financial Officer. "With the continued support of our lending syndicate we have worked to maintain liquidity, improve flexibility and better position Newalta to capitalize on opportunities as the economy recovers."
Newalta is a provider of innovative engineered environmental solutions that enable customers to reduce disposal, enhance recycling and recover valuable resources from oil and gas exploration and production waste streams. We simplify the critical challenges of sustainable environmental practices through the use of advanced processing capabilities deployed through a differentiated business model. We serve customers onsite directly at their operations and through a network of locations throughout North America. Our proven processes and excellent record of safety make us the first-choice provider of sustainability-enhancing services for oil and gas customers. With a highly skilled team of people, a two-decade track record of innovation and a commitment to commercializing new solutions, Newalta is positioned for sustained future growth and improvement. We are Sustainability Simplified™. Newalta trades on the TSX as NAL. For more information, visit www.newalta.com.
SOURCE: Newalta Corporation
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