Tidewater Midstream Extends Credit for Transaction

Tidewater Midstream and Infrastructure (TSE:TWM) has released an update.

Tidewater Midstream and Infrastructure Ltd. has announced that its affiliate, Tidewater Renewables, has secured a short-term extension on its credit facilities, giving both entities more time to finalize their proposed transaction. The extension affects a $175 million first lien senior credit facility and a $25 million second lien term debt facility, now extended to September 18, 2024. This strategic move aims to support the growth and shareholder value in the North American energy market.

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