United States

Trican Well Service Ltd (TCW.TO)

TCW.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Trican Well Service reaches agreement for sale of its Completion tools business for C$53.5 mln
Wednesday, 1 Jun 2016 03:14pm EDT 

Trican Well Service Ltd: Trican Well Service reaches agreement for sale of its completion tools business for CAD$53.5 million . Total consideration payable to Trican consist of cash consideration of C$30 million and share consideration totaling C$23.5 million . Entered agreement with units of National Oilwell Varco for sale of Trican's completion tools business .Intends to use net cash proceeds from transaction to reduce its outstanding debt.  Full Article

Trican Well Service Ltd in negotiations for sale of United States Pressure Pumping Business
Tuesday, 12 Jan 2016 05:22pm EST 

Trican Well Service Ltd:Announces that it is in negotiations with Keane Group for the sale of Trican's United States pressure pumping business.Based upon the terms and conditions currently being discussed, management believes the offered price represents fair value for the business and that the sale of this business would be in the best interest of shareholders if acceptable terms and conditions can be negotiated.  Full Article

BRIEF-Trican amends revolving credit facility

* ‍Entered into an agreement with its bank lenders which amends and extends its revolving credit facility ("rcf")​