Enservco corporation reduces debt and strengthens balance sheet

Denver, march 28, 2022 (globe newswire) -- enservco corporation (nyse american: ensv), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced it has retired its $13.8 million senior revolving credit facility with east west bank for total consideration of approximately $9.4 million, which includes an initial payment of $8.4 million in cash and future payments of up to $1.0 million from a limited portion of net proceeds from receivables financing.
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