Calfrac Well Services Ltd.

03:19 PM EST - Calfrac Well Services Ltd. : Has entered into an agreement with its lenders which amends and extends its credit facilities. The principal amendments to the Credit Facilities include, among others, the following items: an extension of the maturity date from September 27, 2018 to June 1, 2020; a voluntary reduction in the Credit Facilities from $300 million to $275 million, which is still anticipated to provide Calfrac with more than sufficient liquidity and will result in lower stand-by fees; the continued inclusion of the equity cure provision which permits the previously funded equity cure to be utilized at any time prior to the extended maturity date, subject to the same conditions which were included in the December 2015 amendments. Calfrac Well Services Ltd. shares T.CFW are trading up $0.04 at $4.98.