03:09 PM EDT, 08/30/2024 (MT Newswires) -- Tidewater Renewables ( TDWRF ) announced Friday that they obtained an interim extension on the maturity of its $175 million first lien senior credit facility, and its $25 million in additional debt capacity under the second lien term debt facility, from August 30 to September 18, 2024.

It said this interim extension is expected to provide it 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 prior announced proposed transaction with Tidewater Midstream and Infrastructure Ltd. ( TWMIF ) , as well as related longer term extensions and amendments with its debt capital providers.

Tidewater is focused on the production of low carbon fuels, including renewable diesel.

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