CALGARY, ALBERTA — (Marketwire) — 01/24/12 — CCS Corporation today closed a $200 million (U.S.) incremental term loan under its existing credit facilities. The incremental term loan matures on November 14, 2014 and is consistent with the existing term loan conditions. Borrowings under the facility are being used to pay revolver borrowings and fees and expenses associated with the transaction.
“This will provide liquidity for growth capital investments and improve ongoing operational and financial flexibility,” said John Gibson, president and CEO, CCS Corporation.
ABOUT CCS
CCS Corporation is North America–s largest provider of integrated environmental services to the oil-and-gas sector. Based in Calgary, Alberta, the privately-held company has more than 3,800 employees with operations across Canada and the United States. Through four major operating divisions, CCS provides customers with a unique, integrated proposition that addresses environmental and waste management issues throughout the oil-and-gas lifecycle, from exploration to abandonment. CCS delivers its comprehensive portfolio of innovative environmental and waste management services through a network of state-of-the-art facilities and an extensive array of specialized assets.
Contacts:
CCS Corporation
Greg Duerr
Vice President, Finance
(403) 718-1234
CCS Corporation
Mandy Dinning
Manager, Public Affairs
(403) 718-1221