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News  ›  GlobeNewswire Inc.

Enerflex Ltd. Announces Pricing of $400 Million Senior Unsecured Notes Offering

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Enerflex Ltd.
Enerflex Ltd. Announces Pricing of $400 Million Senior Unsecured Notes Offering

Enerflex Inc., a subsidiary of Enerflex Ltd., has priced a $400 million senior notes offering at 6.875% due in 2031, which will be used to redeem existing 9.000% Senior Secured Notes due 2027.

Insights
EFXT   neutral

The company is executing a standard debt refinancing strategy, replacing higher-interest notes with lower-interest notes, which suggests prudent financial management without significant positive or negative implications