Civeo corporation announces replacement of its credit agreement

Houston & calgary, alberta--(business wire)--civeo corporation (nyse:cveo) announced today the completion of a replacement and refinancing of its credit agreement. the new syndicated facility agreement, which consists of a canadian term loan and three revolving credit facilities, encompasses all of civeo's outstanding debt structure. in the leverage neutral transaction, the canadian term loan was reduced to c$100 million (approximately us$80 million), compared to an outstanding balance of c$216
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