09:01 AM EDT, 05/13/2025 (MT Newswires) -- SECURE Waste Infrastructure ( SECYF ) on Tuesday entered into an amended and extended credit agreement for its senior secured revolving credit facility, increasing the total facility size from $800 million to $900 million and extending the maturity to May 31, 2028.

The company in a statement said the expanded credit facility "enhances SECURE's financial flexibility and supports the execution of its strategic priorities, including disciplined growth and capital returns to shareholders."

As at March 31, 2025 , the Corporation noted, it had drawn $255 million on the credit facility, with an additional $86 million in letters of credit outstanding. Upon completion of the previously announced substantial issuer bid, which is expected to expire on May 14, 2025 , SECURE's drawings on the credit facility may increase by up to an additional $200 million .

Chief Financial Officer Chad Magus said. "Amid a dynamic market backdrop, this upsizing and extension reinforces the strength of our balance sheet and provides the resources needed to execute our capital allocation strategy in a disciplined manner. It also provides valuable flexibility as we navigate evolving conditions and evaluate opportunities to create long-term value."

SES rose 4% on the TSX yesterday.