Loan & DebtApr 28, 2026, 04:39 PM
CVEO Amends & Restates Syndicated Facility Agreement
AI Summary
Civeo Corporation, along with its subsidiaries Civeo Pty Limited, Civeo Management LLC, and Civeo USA LLC, entered into an Amended and Restated Syndicated Facility Agreement dated April 23, 2026. This agreement amends and restates their existing credit agreement from September 8, 2021. Royal Bank of Canada serves as the Administrative Agent for the U.S. and Canadian facilities, while RBC Europe Limited acts as the Australian Administrative Agent. The facility includes Australian Revolving Commitments totaling U.S.$70,000,000, with interest rates and commitment fees linked to the company's Total Net Leverage Ratio.
Key Highlights
- Civeo Corp (CVEO) entered into an Amended and Restated Syndicated Facility Agreement dated April 23, 2026.
- The agreement amends and restates the existing credit agreement from September 8, 2021.
- Royal Bank of Canada serves as Administrative Agent for U.S. and Canadian facilities.
- RBC Europe Limited serves as Australian Administrative Agent.
- Joint Lead Arrangers include RBC Capital Markets, Toronto-Dominion Bank, Bank of Montreal, and National Bank of Canada.
- Australian Revolving Commitments aggregate U.S.$70,000,000.
- Applicable Percentage for interest and commitment fees is tied to Total Net Leverage Ratio, starting at Category 3.
Price Impact
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