Superior Plus Extends and Increases its Syndicated Credit Facility
TORONTO, ONTARIO--(Marketwired - May 1, 2017) - Superior Plus Corp. ("Superior") (TSX:SPB) is pleased to announce that its
wholly-owned subsidiaries Superior Plus LP, Superior Plus US Financing Inc. and Comercial E Industrial ERCO (Chile) Limitada have
completed an extension of its $570 million senior secured revolving credit facility (the "Credit Facility"), with The Bank of
Nova Scotia and TD Securities as Co-Lead Arrangers, with a group of ten lenders. The Credit Facility has been increased to $620
million with no changes to the financial covenants and will now mature on April 28, 2022. In addition, the accordion facility
which could provide an additional $180 million of capacity has been maintained.
"We are pleased to have completed the extension and increase of the Credit Facility with strong support from our lenders.
Superior continues to maintain its financial flexibility to complete acquisitions and growth projects which support our
Evolution 2020 strategy. Our strong balance sheet, along with prudent financial policies, supports our ability to pursue
accretive growth opportunities to create long-term value for our shareholders," said Beth Summers, Senior Vice President and
CFO.
About the Corporation
Superior consists of two primary operating businesses: Energy Distribution includes the distribution of propane and
distillates, and supply portfolio management; and Specialty Chemicals includes the manufacture and sale of specialty
chemicals.
For further information about Superior, please visit our website at: www.superiorplus.com.