CALGARY, AB, Sept. 21, 2023 /CNW/ - Stampede Drilling Inc. ("Stampede" or the "Company") (TSXV: SDI) announced today that it has entered into a new $50 million credit agreement with HSBC Bank Canada and The Toronto-Dominion Bank (the "Credit Agreement"). Under the Credit Agreement, which has an initial term of three years, Stampede will have an available limit of $20 million under a non-revolving term loan (the "Term Loan Facility"), $15 million under a revolving credit facility (the "Syndicated Facility") and $15 million under an additional revolving credit facility (the "Operating Facility", and collectively with the Term Loan Facility and the Syndicated Facility, the "Credit Facilities").
Read more at newswire.caStampede Drilling Inc. Announces New Credit Agreement
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