07:35 AM EDT, 04/29/2025 (MT Newswires) -- CES Energy Solutions ( CESDF ) overnight Monday said it increased the size of its credit facility by $100 million to about $550 Million, allowing the company the flexibility to replay its senior notes.

The Canadian part of the facility is $400 million, including a $380 million syndicated revolving facility and a $20 million operating facility. The U.S. facility of US$110 million, includes a US$100 million syndicated revolving facility and a US$10 million operating facility. There is also a $200 million accordion facility that can be exercised on available capacity under either the Canadian or U.S. facility.

"The new Credit Facility provides ample liquidity, optionality on return of capital opportunities, and flexibility to repay and refinance the Senior Notes on our own schedule, on suitable terms, over the coming years," said CES Energy Chief Financial Officer Anthony Aulicino.

Shares of the company closed down 0.8% to $6.14 on Monday on the Toronto Stock Exchange.