Positioned to be a top performer in 2022The Globe's Brenda Bouw:
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Surge Energy Inc. (SGY-T) announced that it has closed a $130-million, five-year term debt facility and a new normal course $150-million first lien credit facility with a revised syndicate of five lenders. The company also said it has repaid its $42-million, non-revolving BDC term loan.
In a release, the company said it has now executed more than $620-million of debt and equity financings, re-financings, asset sales, and two corporate acquisitions over the past year “to strategically adapt to changing market conditions, and to reposition the company to be a top performer in 2022 and beyond.”