On June 1, 2011, Enerflex Ltd. ("Enerflex") entered into (i) a syndicated credit agreement providing revolving credit facilities and (ii) three credit agreements providing bilateral letter of credit facilities that provide for aggregate principal commitments of $375 million. The Toronto-Dominion Bank ("TD Bank") and The Bank of Nova Scotia ("Scotiabank") acted as co-lead arrangers and bookrunners, TD Bank acted as administration agent and Scotiabank acted as syndication agent, in each case in connection with the syndicated revolving credit facilities. TD Bank, Scotiabank and Canadian Imperial Bank of Commerce each were lenders under the bilateral letter of credit facilities. On June 22, 2011, Enerflex completed a private placement of $90.5 million of senior unsecured notes.