Western Energy details partial credit facility debt repayments

Chicago, Oct. 30 – Western Energy Services Corp. provided some details on recent debt repayments in its quarterly earnings announcement press release.

The company repaid C$13.6 million, or 10%, of its outstanding credit facility debt.

Western Energy also announced a voluntary C$4.1 million repayment of all committed monthly principal amounts on its HSBC facility due Dec. 31, 2026.

The company said that as of Sept. 30, no amounts were drawn on C$45 million of senior secured credit facilities and C$6.3 million was outstanding on the HSBC facility. There was also C$106.6 million outstanding on the second-lien term loan facility with Alberta Investment Management Corp.

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

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