04:39 PM EDT, 10/01/2024 (MT Newswires) -- Enerflex ( EFXT ) on Tuesday said it delivered a notice of partial redemption of its 9% Senior Secured Notes due 2027.

Enerflex ( EFXT ) plans to redeem $62.5 million of the notes, 10% of the aggregate principal amount originally issued. The redemption will be funded with available liquidity, which includes approximately $100 million of cash and cash equivalents as at Sept. 30, and the undrawn portion of Enerflex's ( EFXT ) lower-cost $800-million revolving credit facility..

"The partial redemption of our notes reflects on-going focused efforts to reduce debt, lower net finance costs, and optimize Enerflex's ( EFXT ) debt stack," Chief Financial Officer Preet Dhindsa said in a release.

The company's shares closed up $0.09 to $8.15 on the Toronto Stock Exchange.