Western Energy completes offering of C$175 million senior unsecured notes

Date Closed: 1/30/2012

Value: C$175 million

On January 30, 2012, Western Energy Services Corp. completed an offering of $175,000,000 aggregate principal amount of 7⅞% senior unsecured notes due January 30, 2019. The notes were offered on a private placement basis in Canada, the United States and other international jurisdictions pursuant to available exemptions. The offering was underwritten by RBC Capital Markets, as sole lead bookrunning manager, in a syndicate that included HSBC Securities (Canada) Inc., AltaCorp Capital Inc. and GMP Securities L.P.

Western Energy is an oilfield services company that provides contract drilling services in the western Canadian sedimentary basin and select basins in the United States and well servicing in the western Canadian sedimentary basin.

BLG represented Western Energy in Canada with a team that included Brian Roberts, George Kelly, Robyn Bourgeois and Scott Cedergren (corporate and securities), Allan Nielsen (banking and financial services) and Lindsay Holmes (tax).