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Petrowest Corp (PRW.TO)

PRW.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Petrowest announces restructuring and refinancing update
Friday, 19 May 2017 07:14pm EDT 

May 19 (Reuters) - Petrowest Corp ::Petrowest Corporation announces restructuring and refinancing update.Petrowest Corp - Sami Saad, current president and COO, has been appointed as chief executive officer in replacement of Rick Quigley, effective today.Company is in negotiations with respect to sale of its R Bee crushing division.Petrowest-Surplus equipment identified that will be offered for sale at auction or privately, other non-core assets are in various stages of marketing.Amount of credit available under existing bank facilities has been set at $38 million which is amount currently outstanding.  Full Article

Petrowest Corp announces qtrly revenue from continuing operations of $29.1 million
Wednesday, 10 May 2017 04:00pm EDT 

May 10 (Reuters) - Petrowest Corp :Petrowest Corporation announces first quarter 2017 financial results and corporate update.Petrowest Corp qtrly revenue from continuing operations of $29.1 million, an increase of $9.6 million compared to same quarter in 2016.  Full Article

Petrowest Corp reports waiver extension
Friday, 21 Apr 2017 05:56pm EDT 

April 21 (Reuters) - Petrowest Corp ::Petrowest Corporation announces waiver extension.Petrowest - co's lenders under bank syndicated credit facility, subordinated loan extended waiver period from april 21, 2017 to may 5, 2017.  Full Article

Petrowest Corporation announces waiver extension
Thursday, 13 Apr 2017 06:30pm EDT 

Petrowest Corp : Petrowest Corporation announces waiver extension .Lenders extended waiver period for non-compliance with financial covenants under their respective loan agreements from April 13 to April 21.  Full Article

Petrowest corporation announces waiver extension
Friday, 31 Mar 2017 05:36pm EDT 

Petrowest Corp : Petrowest Corporation announces waiver extension .Petrowest - lenders extended waiver period for non-compliance with financial covenants under respective loan agreements from March 31 to April 13.  Full Article

Petrowest Corp announces refinancing update corporate review update
Thursday, 30 Mar 2017 04:00pm EDT 

Petrowest Corp : Petrowest Corporation announces refinancing update; corporate review update; and 2016 annual and fourth quarter financial results . Petrowest Corp - continues to work towards a refinancing of its existing bank loans and has received proposals from numerous financial sources . Petrowest Corp- Petrowest anticipates closing refinancing in April 2017 .Qtrly reported revenue of $34.0 million, a decrease of $6.3 million compared to same quarter in 2015.  Full Article

Petrowest Corp reports Q2 adj EBITDA of $1.1 mln vs $2.3 mln
Wednesday, 10 Aug 2016 08:00am EDT 

Petrowest Corp : Petrowest Corp announces second quarter 2016 financial results; revises 2016 guidance on the back of weather delays; over $20 million of additional infrastructure awards to date in 2016 . Reducing 2016 annual guidance to $20-25 million adjusted EBITDA . Qtrly reported revenue of $32.5 million, a decrease of $10.0 million compared to same quarter in 2015, . Qtrly reported adjusted EBITDA of $1.1 million compared to $2.3 million for same quarter in 2015 .Extreme weather patterns in first half of 2016 caused a portion of expected 2016 revenues to be shifted into 2017.  Full Article

Petrowest Corporation Q1 revenue C$36.6 mln
Thursday, 12 May 2016 04:03pm EDT 

Petrowest Corp : Q1 revenue c$36.6 million . Reaffirming 2016 guidance of $45 million in adjusted ebitda, despite oil and gas activity remaining weak in western canada .Petrowest corporation announces first quarter 2016 financial results; reaffirms 2016 guidance.  Full Article

Petrowest Corp announces amendment to its syndicated credit facility
Tuesday, 29 Sep 2015 08:45am EDT 

Petrowest Corp:Announces an amendment to its syndicated credit facility, closing of the subordinated debt financing, and contract awards.Has entered into an amendment and restatement of its $90 million syndicated credit facility with its syndicate of lenders.  Full Article

Petrowest Corp announces contract award
Thursday, 6 Aug 2015 04:18pm EDT 

Petrowest Corp:Says it has been awarded a sub-contract on the workforce housing facility for the Site C hydro-electric project in northeastern British Columbia.Project is expected to commence the first week of August and has an approximate value of $7.3 million.  Full Article

More From Around the Web

BRIEF-Crown Capital Partners amends $15.0 million term loan agreement with Petrowest Corporation

* Crown Capital Partners announces amended debt agreement and new bridge loan financing with Petrowest Corporation