In Canada, Tidewater Renewables Ltd. has obtained an interim extension of the maturity of its C$175 million first lien senior credit facility, and its C$25 million of additional debt capacity under the second lien term debt facility, from August 30, 2024 to September 18, 2024.
This interim extension is expected to provide the Corporation with the necessary time to finalize the definitive agreements to, attain the necessary special committee, board, TSX and other required approvals for and complete the proposed transaction with Tidewater Midstream and Infrastructure Ltd., which was announced and described by the Corporation on August 15, 2024 in its second quarter press release as well as related longer term extensions and amendments with its debt capital providers.
Tags: Canada, Tidewater Renewables
Category: Fuels
