Secure Waste Infrastructure has announced an increase to its senior secured revolving credit facility, boosting the total capacity to $900 million from $800 million and extending the maturity date to May 31, 2028.

The expanded facility, supported by a syndicate of eight financial institutions, provides the company with greater financial flexibility to pursue its strategic goals, including disciplined growth and shareholder returns, said Secure. As of March 31 of this year, Secure had drawn $255 million on the facility, with an additional $86 million in letters of credit, the company said. That figure may rise by up to $200 million following the completion of a substantial issuer bid that was expected to close this week.

“We are pleased with the continued confidence and strong support from our lending syndicate,” said CFO Chad Magus. “Amid a dynamic market backdrop, this upsizing and extension reinforces the strength of our balance sheet and provides the resources needed to execute our capital allocation strategy in a disciplined manner.

“It also provides valuable flexibility as we navigate evolving conditions and evaluate opportunities to create long-term value.”

CFO Chad Magus noted the upsizing reflects strong lender confidence and positions SECURE to navigate evolving market conditions while maintaining a disciplined capital allocation strategy.

Secure is a Calgary-based leader in waste management and energy infrastructure. With a network spanning Western Canada and North Dakota, the company operates waste-processing and transfer facilities, industrial landfills, metal-recycling centers, and pipelines and terminals for crude oil and water.

Its services help reduce costs, lower emissions, and support environmental stewardship across the energy and industrial sectors.

Pictured: A Secure Waste Infrastructure facility.

Photo: Secure