BRIEF-Trican Well Service announces $40 mln bought deal financing
June 1 (Reuters) - Trican Well Service Ltd :
* Announces $40 million bought deal financing and amended covenant package with its lenders
* Underwriters have agreed to purchase on a "bought deal" basis 25 million common shares of trican at a price of $1.60 per common share
* Net proceeds from offering will be used to reduce outstanding debt
* Under agreed upon amendments, Trican would also agree to reduce its RCF commitment to $250 million
* Granted underwriters an option to purchase an additional 3.75 million common shares at issue price to cover over-allotments Source text for Eikon: Further company coverage:
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