Civeo Corporation Announces Amendment and Extension to Its Credit Agreement

▤ Summary

Civeo Corporation announced the completion of an amendment and extension to its credit agreement which encompasses all of Civeo?s outstanding debt structure of three revolving credit facilities. The following are key aspects of the amended credit agreement: Extends the maturity date of the credit agreement to August 2028; Upsizes total revolving credit facility capacity to $245 million from $200 million; and Reduces borrowing costs and maintains previous max net leverage ratio and max interest coverage covenant levels.

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