Secure Energy Services Inc. ("Secure" or the"Corporation") (TSX – SES) announced today that it has expanded its existing syndicated credit facility (“Syndicated Facility”) to $200 million through the exercise of the $50 million accordion feature. All members of the existing syndicate consisting of six financial institutions and Canadian chartered banks participated in the expansion of the Syndicated Facility. There were no changes to the terms of underlying syndicated credit agreement previously announced on August 4, 2011. Click here to read the full press release.
Marquis Alliance Energy Group Inc. (“Marquis Alliance”), a subsidiary company of Secure Energy Services Inc. ("Secure" or the "Corporation") (TSX – SES) announced today that it has completed the previously announced acquisition of the operating assets (excluding working capital) of New West Drilling Fluids Inc. (“NWDF”) for an aggregate cash purchase price of $3.4 million. Click here to read the full press release.
Marquis Alliance Energy Group Inc. (“Marquis Alliance”), a subsidiary of Secure Energy Services Inc. ("Secure" or the "Corporation") (TSX – SES) announced today that it has entered into an agreement to acquire the operating assets (excluding working capital) of New West Drilling Fluids Inc. (“NWDF”) for an aggregate cash purchase price of $3.4 million, subject to certain customary closing adjustments. Closing is expected to occur on January 25, 2012, subject to certain customary closing conditions. Click here to read the full press release.