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SECURE announces extension of credit facility

Press Release

CALGARY, AB, June 3, 2024 – SECURE Energy Services Inc. (“SECURE”, the “Corporation”) (TSX: SES) is pleased to announce it has entered into an amended and restated credit agreement for its $800 million Senior Secured Revolving Credit Facility (“Credit Facility”), extending the maturity until May 31, 2027.

This extension strengthens SECURE’s capital structure, backed by commitments from nine financial institutions and Chartered Banks, and ensures a low cost of capital for the next three years. As of May 31, 2024, the Credit Facility remains undrawn, excluding outstanding letters of credit, due to the Corporation’s strong cash position following the $1.150 billion asset divestiture on February 1, 2024.

“We are grateful to our lenders for their continued support,” said Chad Magus, Chief Financial Officer. “Together with our $300 million of 6.75% unsecured notes due in 2029, the Credit Facility provides us with a robust liquidity position and maximum flexibility for capital allocation decisions over the coming years.”

This strategic move underscores SECURE’s commitment to maintaining financial stability and operational flexibility, positioning the Corporation for continued growth and success.

SECURE’s Shares trade under the symbol “SES” and are listed on the TSX. For more information, visit

For further information: Allen Gransch, President & Chief Executive Officer; Chad Magus, Chief Financial Officer, Phone: (403) 984-6100, Fax: (403) 984-6101, Email:, Website:



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