Calfrac Well Services to pay down bank debt with senior notes proceeds

By Sara Rosenberg

New York, Oct. 3 - Calfrac Well Services Ltd. plans to repay credit facility borrowings that were used for the acquisition of Mission Well Services LLC with proceeds from a $150 million add-on to its 7½% senior notes, according to a news release.

Calfrac is a Calgary, Alta.-based provider of oilfield services.

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