HSBC Agents $20MM Downsize on Western Energy Revolver

HSBC Bank Canada served as administrative agent, lead arranger and sole bookrunner on amendments which reduced the commitment on Western Energy’s syndicated revolving first lien credit facility from $70 million to $50 million.

Alberta Investment Provides $21MM Facility for Western Energy

Western Energy Services closed an agreement with Alberta Investment Management providing for a $215 million second lien senior secured term loan facility as part of a debt and equity refinancing.