1. Total Energy extended $170 million credit facility to January 2029. 2. No changes were made to the existing terms of the credit facility. 3. Total Energy operates in North America and Australia, providing diverse energy services.
The extension of the credit facility indicates financial stability. Similar past extensions have led to positive investor reactions.
Extension of credit facilities demonstrates financial health, critical for sustaining operations.
A prolonged credit facility extension supports operational longevity and growth potential, benefiting long-term investors.
CALGARY, Alberta, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Total Energy Services Inc. ("Total Energy") (TSX:TOT) announces that it has extended its $170 million revolving syndicated bank credit facilities (the "Credit Facility") to January 10, 2029. Other than the extension of the maturity date, there were no changes to the terms and conditions of the Credit Facility.
Headquartered in Calgary, Alberta, Total Energy provides contract drilling services, equipment rentals and transportation services, well servicing and compression and process equipment and service to the energy and other resource industries from operation centers in North America and Australia. The common shares of Total Energy are listed and trade on the TSX under the symbol "TOT".
For further information, please contact Yuliya Gorbach, Vice-President Finance and Chief Financial Officer at (403) 216-3920 or by e-mail at: investorrelations@totalenergy.ca or visit our website at www.totalenergy.ca.
The TSX has neither approved nor disapproved of the information contained herein.
