CALGARY,
AB, Aug. 15, 2024 /CNW/ - Tidewater Renewables
Ltd. ("Tidewater Renewables" or the "Corporation")
(TSX: LCFS) is pleased to announce that the Corporation, with the
support of its capital providers, have extended the maturity of the
$175 million first
lien senior credit facility, and the $25 million of additional debt
capacity under the second lien term debt facility, from
August 18, 2024, to August 30,
2024.
This extension provides the Corporation with the necessary time
to complete the proposed transaction with Tidewater Midstream Ltd.,
which was also announced today.
ABOUT TIDEWATER RENEWABLES
Tidewater Renewables is a multi-faceted energy transition
company. The Corporation is focused on the production of low carbon
fuels, including renewable diesel. The Corporation was created in
response to the growing demand for renewable fuels in North America and to capitalize on its
potential to efficiently turn a wide variety of renewable
feedstocks (such as tallow, used cooking oil, distillers corn oil,
soybean oil, canola oil and other biomasses) into low carbon fuels.
Tidewater Renewables' objective is to become one of the leading
Canadian renewable fuel producers. Additional information relating
to Tidewater Renewables is available on SEDAR+ at www.sedarplus.ca
and at www.tidewater-renewables.com.
SOURCE Tidewater Renewables Ltd.
