| Home : May 2015 : May 02, 2015 News : Enseco Energy Services Corp. Announces Entering Into A Forbearance Agreement |
Enseco Energy Services Corp. Announces Entering Into A Forbearance Agreement |
May 02, 2015
CALGARY, ALBERTA--(Marketwired - May 1, 2015) - ENSECO ENERGY SERVICES CORP (TSX VENTURE:ENS) ("Enseco" or the "Company") announces that it has entered into a Forbearance Agreement (the "Agreement") with its lender pursuant to which, among other things, the Company's lender has agreed to forbear from taking steps to demand repayment of the amounts owing under the credit agreements between the Company and the Lender to enable the Company to obtain alternate financing on or before until May 31, 2015. Such date could be extended by the Lender at its discretion. Enseco is actively pursuing other financing and expects to satisfy its Lender's time requirements.
http://www.marketwired.com/mw/release.do?id=2015722&sourceType=3
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