Gold prices steady ahead of Fed decision; weekly weakness noted
CALGARY - Enerflex Ltd. (TSX:EFX) (NYSE:EFXT), a $961 million market cap energy infrastructure company with a GREAT financial health score according to InvestingPro, has extended the maturity date of its syndicated secured revolving credit facility by three years to July 11, 2028, the company announced Monday.
The amended and restated credit agreement, dated July 11, 2025, maintains the facility’s availability at $800 million. As of March 31, 2025, Enerflex had drawn $117 million on this facility, maintaining a healthy current ratio of 1.12 and total debt of $707 million. InvestingPro analysis shows the company is currently undervalued, with 8 additional key insights available to subscribers.
The Royal Bank of Canada-led lending syndicate renewed all current members’ commitments. Enerflex also continues to maintain a $70 million unsecured credit facility with one of the lenders in its revolving credit facility syndicate, supported by performance security guarantees from Export Development Canada.
"The renewal of the RCF provides Enerflex with strong liquidity and improved terms," said Joe Ladouceur, Enerflex’s interim CFO, in the press release statement.
The company stated its near-term priorities remain focused on enhancing core operations profitability, leveraging its position in key operating countries to capitalize on expected increases in natural gas and produced water volumes, and maximizing free cash flow.
Enerflex, which provides energy infrastructure and transition solutions, plans to release its financial results for the quarter ending June 30, 2025, before markets open on August 7, 2025.
The Calgary-based company’s common shares trade on the Toronto Stock Exchange under the symbol "EFX" and on the New York Stock Exchange under the symbol "EFXT."
In other recent news, Moody’s Ratings has upgraded the outlook for Enerflex Ltd. from stable to positive. This change is attributed to Enerflex’s significant reduction in debt and the expectation that its leverage will remain below 2x. The company’s corporate family rating (CFR) remains at Ba3, with its speculative grade liquidity rating (SGL) unchanged at SGL-2. Enerflex’s financial flexibility is enhanced by its low leverage, recurring revenue streams, and global presence. Despite these strengths, the company faces challenges such as industry cyclicality and exposure to geopolitical risks. Enerflex has approximately $825 million in total liquidity, with $75 million in cash and nearly $600 million available under its committed revolver. The company’s US$563 million first lien last out senior secured notes are rated B1, reflecting their junior position relative to other secured debt. Analysts at Moody’s suggest that Enerflex’s ratings could be upgraded if it continues to increase scale and maintain low leverage.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.