November 8, 2022

Source Energy Services Reports Q3 2022 Results

Source Energy Services Ltd. (“Source” or the “Company”) is pleased to announce its financial results for the three and nine months ended September 30, 2022.
October 18, 2022

Source Energy Services Announces Upcoming Earnings Release

Source is pleased to announce that its third quarter financial results for the period ending September 30, 2022, will be released following the Toronto Stock Exchange market close on November 8, 2022.
October 17, 2022

Source Energy Services Completes Refinancing of Senior Credit Facility, Amends Senior Secured Note Indenture and Makes the Payment of Cash Interest

Source Energy Services Ltd. (together with its affiliates, “Source” or the “Company”) is pleased to announce it has closed a new revolving asset backed senior credit facility (the “ABL”) with a syndicate comprised of FGI Worldwide LLC (“FGI”) and CIT Northbridge Credit, as advised by CIT Asset Management LLC (“CIT”), providing access to funding of approximately CAD $75 million (USD $55 million), and has made the August 15, 2022 cash interest payment on its 10.5% senior secured first lien notes due March 15, 2025 (the “Senior Notes”).
September 22, 2022

Source Energy Services Update on Refinancing Process and Extension of the Waiver from Lenders under its Credit Agreement

Source Energy Services Ltd. (together with its affiliates, “Source” or the “Company”) announces that it continues to make progress and is now in the final stages of closing the previously announced senior credit facility.
September 15, 2022

Source Energy Services Update on Refinancing Process and Receipt of Waiver of Cross Default from Lenders under its Credit Agreement

Source Energy Services Ltd. (together with its affiliates, “Source” or the “Company”) announces that it is in the advanced stages of closing a new USD $60 million senior credit facility.

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