ENSIGN ENERGY SERVICES INC. - INCREASES AND EXTENDS EXISTING CREDIT FACILITY TO ENHANCE FINANCIAL FLEXIBILITY

Executive Summary

• Ensign Energy Services Inc. renewed and expanded its credit facility to a $950 million three‑year term, maturing September 29 2028.
• The new facility will be used to repay the remainder of the existing Term Facility, simplifying the capital structure.
• No mandatory repayments or reductions in availability are required as long as covenants are met, providing enhanced liquidity and financial flexibility for operations and growth opportunities.

Key Details

• Facility Size & Term: $950 million committed credit facility with a three‑year term ending 29 Sept 2028.
• Purpose: Proceeds will be used to repay the outstanding balance of Ensign’s existing Term Facility, streamlining capital structure.
• Repayment Terms: No mandatory amortization or reductions in available borrowing capacity, subject only to covenant compliance.
• Liquidity Impact: Increases available liquidity and financial flexibility to support global operations and capitalize on emerging market opportunities.
• Documentation: The amended Credit Facility agreement will be filed on www.sedarplus.com.

Notable Quotes

(No direct quotes were provided in the release.)