Trican completes definitive amending agreements with lenders (Scandinavian Oil-Gas Magazine)

Trican completes definitive amending agreements with lenders

Published Nov 16, 2015

Trican Well Service Ltd. has completed the definitive agreements with its bank lenders under its revolving credit facility (RCF), and with the holders of its senior notes, to make certain amendments to the applicable credit documentation.

As previously announced, on September 25, 2015 Trican reached an agreement in principle with its lenders and noteholders to make certain amendments to the Corporation's financial covenants. Today the formal documentation was finalized and the necessary transactions were closed to implement this covenant relief agreement on the terms and conditions previously announced.

Tags: Trican Well Service Ltd.

Advertisment:

Comments on this page are closed.

+ Larger Font | + Smaller Font

Top Stories

New Chief Executive Officer of Aker Energy Feb 23, 2018 Jan Arve Haugan has been appointed as Chief Executive Officer of the newly established oil company Aker Energy, effective 1 March 2018. Haugan is currently the President & CEO of Kværner ASA.

Rystad Energy - Borr Drilling takes charge of the jackup market

Borr Drilling Goes From Empty-Handed to the Largest Jack-Up Driller In Just 16 Months Feb 23, 2018 “It is remarkable what Tor Olav Troim has achieved in such a short amount of time. Going from two jack-ups in December 2016 to becoming the largest jack-up provider...” says Oddmund Føre, vice president of oilfield service research at Rystad Energy.

Borr Drilling Takes Over Paragon Offshore to Expand MODU Fleet Feb 23, 2018 Borr Drilling’s acquistion of Paragon Offshore will create a USD 3.57 billion MODU fleet.

Southwest Research Institute (SwRI) - IMSF2

SwRI to Host Inaugural International Multiphase Flow Separation Symposium Feb 23, 2018 Southwest Research Institute is bringing together oil and gas industry experts for the International Multiphase Flow Separation Symposium (IMFS²), to be held April 25-26, 2018, at SwRI’s headquarters...

[ In Finance ]

OGIC Surpasses 40th Project Milestone for Innovation and Technology Projects

Industry and Scottish Government Back Oil & Gas Resource to Tackle Looming Experience and Knowledge Gap

McKinsey Energy Insights Releases Global Oil Supply and Demand Outlook to 2030

Brazil Announces Measures to Encourage Increased Investments in Oil and Gas Sectors

S&P Global Platts Survey – OPEC Crude Oil Production Hit New Record in November