Calfrac Well Services Ltd. - 2016-06-10

Closed a debt-with-warrants financing with Alberta Investment Management Corp. (AIMCo), which provided second-lien senior secured term loan facility maturing Sept. 30, 2020. In conjunction, about 6.9 million Calfrac share purchase warrants were issued to AIMCo, which can aquire about 6.9 million shares priced at C$4.14 prior to June 10, 2019 . Proceeds from loan will support Calfrac’s working capital and general corporate purposes, including the repaying bank debts under syndicated revolving credit facilities, and repaying borrowings of Calfrac Well Services (Argentina) SA. Peters & Co. Ltd. and RBC Capital Markets LLC were financial advisers.