Canadian Energy Services Closes Offering of $225 Mln Senior Unsecured Notes
Canadian Energy Services & Technology Corp. (CEU.TO) has completed its previously announced private offering of $225.0 million aggregate principal amount of 7.375% senior unsecured notes due April 17, 2020. The notes were issued at par.
The company intends to use the net proceeds from this offering to permanently repay its $160 million bridge facility and $10 million vendor take back notes, to refinance certain amounts outstanding under its credit facilities, and for general corporate purposes.
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