AIMCo Loans Money to Western Energy Services Corporation

Posted on 09/25/2017


Alberta Investment Management Corporation (AIMCo) provided C$ 215 million (US$ 176 million) in a second lien senior secured term loan facility to contract drilling and well services firm Western Energy Services Corporation. AIMCo also purchased a C$ 11,375,000 stake in the drilling company, some 9,100,000 common shares. The loans will be made available to Western […]