Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/trican-completes-definitive-amending-agreements-wi.shtmlTrican completes definitive amending agreements with lenders
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
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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.
