Leader Energy Services Ltd. and its lender agreed to combine a CA$1 million loan with a second loan, which extended the due date for the credit facility, the company said May 7.
The $1 million demand nonrevolving single advance loan due April 30, was combined with the demand nonrevolving single advance term loan, the company added.
The balance on the combined loan is $11.6 million, and the credit facility is now due Sept. 6, Leader said.
All other terms of the facility are unchanged, the company noted.
Calgary, Alberta-based Leader Energy Services Ltd. provides well stimulation services in western Canada.
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