Enerflex Ltd. Announces Extension of Revolving Credit Facility and Timing of Second Quarter Release

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All amounts presented in this release are in U.S. Dollar (“USD”) unless otherwise stated.

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CALGARY, Alberta, July 14, 2025 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) is pleased to announce that the Company has entered into an amended and restated credit agreement dated July 11, 2025 with respect to its syndicated secured revolving credit facility (the “RCF”). The maturity date of the RCF has been extended by three years to July 11, 2028 and availability is unchanged at $800 million. As at March 31, 2025, the Company had drawn $117 million on its RCF. Led by the Royal Bank of Canada as agent, Enerflex received renewed lending commitments from all current syndicate members.

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The Company also continues to maintain a $70 million unsecured credit facility (the “LC Facility”) with one of the lenders in its RCF syndicate. The LC Facility is supported by performance security guarantees provided by Export Development Canada.

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Joe Ladouceur, Enerflex’s CFO (Interim), commented, “We appreciate the strong support and continued partnership from our lending syndicate. The renewal of the RCF provides Enerflex with strong liquidity and improved terms, supporting efforts to deliver long-term growth and value creation for Enerflex shareholders.

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Enerflex’s near-term priorities remain unchanged and include: (1) enhancing the profitability of core operations; (2) leveraging the Company’s leading position in core operating countries to capitalize on expected increases in natural gas and produced water volumes; and (3) maximizing free cash flow to further strengthen Enerflex’s financial position, provide direct shareholder returns, and invest in selective customer supported growth opportunities.”

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Q2 Earnings Release

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Enerflex plans to release its financial results and operating highlights for the three and six months ended June 30, 2025, prior to the markets opening on Thursday, August 7, 2025. Results will be communicated by news release and will be available on the Company’s website at www.enerflex.com and under the electronic profile of the Company on SEDAR+ and EDGAR at www.sedarplus.ca and www.sec.gov/edgar, respectively.

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Investors, analysts, members of the media, and other interested parties, are invited to listen to or participate in a conference call and audio webcast on Thursday, August 7, 2025 at 8:00 a.m. (MDT), where members of senior management will discuss the Company’s results. A question-and-answer period will follow.

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ADVISORY REGARDING FORWARD-LOOKING INFORMATION

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This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” (and together with “forward-looking information”, “FLI”) within the meaning of the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are FLI. The use of any of the words “efforts”, “expected”, “may”, “plan”, “will”, and similar expressions, are intended to identify FLI. In particular, this news release includes (without limitation) FLI pertaining to the Company’s (i) continuing efforts to deliver long-term growth and value creation for Enerflex shareholders and the nature and success of such efforts, if at all; (ii) expectations for increases in natural gas and produced water volumes and the ability of the Company to capitalize on these increases; (iii) ability to continue to deliver direct shareholder returns; and (iv) expectation to release its financial results and operating highlights for the three and six months ended June 30, 2025, prior to the markets opening on Thursday, August 7, 2025.