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Calmena Energy Services Inc announces agreement to sell Equipment Rentals and Frac Fluids Management Service Lines to Great Prairie Energy Services Inc


Thursday, 8 May 2014 06:57pm EDT 

Calmena Energy Services Inc:Enters into a definitive agreement to sell its Equipment Rentals and Frac Fluids Management service lines to Great Prairie Energy Services Inc.For cash consideration of $10.0 million.The sale is expected to close on or about May 15.Proceeds from this sale in the amount of $9.0 million will fund a reduction of amounts owing by Calmena under its credit facilities with its senior lender.The remaining $1.0 million will fund general working capital requirements. 

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