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Prospect News home > News index > List of issuers W > Headlines for Western Energy Services Corp. > News item
Published on 1/13/2012 in the Prospect News Canadian Bonds Daily and Prospect News High Yield Daily.

Western Energy Services to sell C$75 million to C$125 million bonds

By Cristal Cody

Prospect News, Jan. 13 - Western Energy Services Corp. started a roadshow on Friday in Vancouver, B.C., for a high-yield bond offering of C$75 million to C$125 million, according to a bond source.

The roadshow will continue on Monday and Tuesday in Toronto.

RBC Capital Markets Corp., ATB Investment Management Inc. and AltaCorp Capital Inc. are the bookrunners.

Proceeds will be used to reduce drawings on the company's bank facility and to fund growth.

Additional deal details were not yet available.

Western Energy is a Calgary, Alta.-based oilfield drilling company.


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