Superior Plus Announces Increase to Credit Facility
TORONTO--(BUSINESS WIRE)-- 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 increase of its senior secured credit facility from $620 million to $750 million, with The Bank of Nova Scotia as Administrative Agent, and The Bank of Nova Scotia and TD Securities as Co-Lead Arrangers, with a group of ten lenders. The term of the credit facility remains unchanged with a maturity date of May 8, 2023, and there were no changes to the financial covenants. The accordion facility which could provide an additional $300 million of capacity has also been maintained.
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
Superior Plus Corp.
Rob Dorran, 416-340-6003
Investor Relations and Treasurer
Beth Summers, 416-340-6015
Executive Vice President and Chief Financial Officer
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