Civeo amends credit agreement, extends maturity to 2030

Civeo Corporation (NYSE: CVEO) amended its credit agreement, extending the maturity date to April 2030 from August 2028 and increasing total revolving credit facility capacity to $285 million from $265 million, according to a company statement.

The Houston-based hospitality services provider operates in Australian natural resource regions and Canadian oil sands markets. Chief Executive Officer Bradley J. Dodson said the amendment strengthens the company's liquidity position and financial flexibility.

Civeo currently owns and operates 26 lodges and villages in Australia and North America with approximately 26,500 rooms. The company also operates and provides hospitality services at 24 customer-owned locations with approximately 19,500 rooms.

Additional terms of the amendment will be disclosed in a Form 8-K filing with the Securities and Exchange Commission.

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