Western Energy Services trims revolver size to C$125 million

By Sara Rosenberg

New York, Jan. 30 - Western Energy Services Corp. reduced its revolving credit facility to C$125 million from C$150 million, according to a news release.

The downsizing was done in conjunction with the completion of the company's C$175 million senior unsecured notes offering, the proceeds of which were used to repay bank debt and for general corporate purposes.

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

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