debt
confidence high
sentiment positive
materiality 0.60
Civeo extends credit facility maturity to 2028, upsizes revolver to $245M
Civeo Corp
- Maturity of syndicated facility extended to August 8, 2028 from original 2021 term.
- Total revolver capacity increased from $200M to $245M; Canadian revolver raised from $155M to $200M.
- Interest rate spreads reduced by 25 basis points across all benchmark rates.
- Civeo USA LLC added as a borrower under the credit agreement.
- Maximum net leverage and interest coverage covenants maintained at previous levels.