Calgary, Alberta, Canada-based Black Diamond Group has increased its credit facility from $145 million to $150 million with an accordion expansion option of up to $250 million, according to sys-con.com. Black Diamond provides remote modular lodging and workforce housing with associated services to a wide range of industries including oil and gas, mining, construction, military, educational, government and engineering. As MHProNews knows, the company has 50 percent equity partnerships with certain aboriginal groups, and operates out of 19 facilities in Canada, Australia and the United States. Company CEO Trevor Haynes says, “As we continue to see strong market conditions and pursue many significant opportunities in remote workforce accommodations and resource development in general, we are pleased to have the flexibility and potential access to additional capacity to fund our ongoing growth.” ##

(Photo credit: Black Diamond Group–BOXX Modular style units shown)