Calfrac Well Services Ltd. - 2015-12-22
Description
Entered bought deal private placement of about 20.4 million common shares at $1.35 per share. Proceeds will be used to maintain its leverage ratio. May also be used to reduce debt and/or for general working capital and corporate purposes. Peters & Co. Ltd. is lead underwriter. Syndicate of underwriters also include SBC Securities (Canada) Inc., RBC Capital Markets, AltaCorp Capital Inc., CIBC World Markets Inc., Scotia Capital Inc. and FirstEnergy Capital Corp.