Key Energy gets $20 million added revolver commitments via Siemens

By Marisa Wong

Morgantown, W.Va., Feb. 6 – Key Energy Services, Inc. entered into a joinder agreement to its loan and security agreement dated Dec. 15, 2016 to increase the aggregate commitments under the ABL facility by $20 million to a total of $100 million, according to an 8-K filing with the Securities and Exchange Commission.

The additional revolver commitments will be provided by Siemens Financial Services, Inc.

Bank of America, NA is administrative agent.

Key Energy is Houston-based onshore, rig-based well servicing contractor.

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