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An oil sands operation in Alberta.
An oil sands operation in Alberta.
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Tervita’s IPO dreams likely kicked down the road

What a transformation for Calgary-based energy services provider Tervita Corp.

Six months ago there was speculation that the company was looking to go public again in what could have been a billion dollar IPO. Now it’s dealing with a ratings downgrade, prompting the company to re-finance its debt facilities and issue a new debt offering.