Calfrac Well Services Ltd.

09:37 AM EST - Calfrac Well Services Ltd. : Has executed an agreement with its lenders which amends and increases its credit facilities. The amendments to the Credit Facilities include the following key items: the exercise of the accordion feature to increase the syndicated facility by $25.0 million to $205.0 million, which together with the $45.0 million operating facility, increases the capacity of the Credit Facilities to $250.0 million and provides additional liquidity; the addition of Canadian Western Bank to the lending syndicate; and the lenders' approval of a capital budget of up to $70.0 million for 2021. Calfrac Well Services Ltd.

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