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Stampede Drilling Inc. Announces Credit Agreement Extension
Stampede Drilling Inc. Announces Credit Agreement Extension Canada NewsWire ...
About this update from Stampede Drilling Inc.
[{"type":"text","content":"\n\n\n\n Stampede Drilling Inc. Announces Credit Agreement Extension\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n July 21, 2025\n \n\n /CNW/ - Stampede Drilling Inc. (\"Stampede\" or the \"Company\") (TSXV: SDI) is pleased to announce that it has entered into an amending agreement (the \"First Amending Agreement\") to its amended and restated credit agreement with Royal Bank of\n \n Canada\n \n and The Toronto-Dominion Bank originally made as of\n \n September 20, 2023\n \n and amended and restated as of\n \n August 21, 2024\n \n (as amended by the First Amending Agreement, the \"Credit Agreement\"), extending the term of the Credit Agreement from\n \n September 20, 2026\n \n to\n \n September 20, 2028\n \n . Under the Credit Agreement, Stampede has an available limit of\n \n $20 million\n \n under a non-revolving term loan (the \"Term Loan Facility\"),\n \n $15 million\n \n under a revolving credit facility (the \"Syndicated Facility\") and\n \n $15 million\n \n under an additional revolving credit facility (the \"Operating Facility\", and collectively with the Term Loan Facility and the Syndicated Facility, the \"Credit Facilities\").\n \n\n\n\n\n\n\n\n\n The extended Credit Agreement provides Stampede financial flexibility and supports the execution of its strategic priorities, including disciplined growth and capital returns to shareholders.\n \n\n \"We are encouraged by the ongoing confidence and robust support from our lending syndicate,\" said\n \n Lyle Whitmarsh\n \n , President, Chaiman and CEO. \"In a constantly changing market environment, this extension strengthens our balance sheet and equips us with the necessary resources to pursue our disciplined capital allocation strategy. Additionally, it grants us valuable flexibility as we adapt to evolving conditions and explore opportunities to generate long-term value for our Shareholders.\"\n \n\n The principal amount outstanding under the Credit Facilities shall be repaid on or before\n \n September 20, 2028\n \n (or such later dates as to ...