Western Energy Services Corp. announces completion of private offering of additional senior unsecured notes

Western Energy Services Corp. announces completion of private offering of 
additional senior unsecured notes 
CALGARY, Sept. 18, 2013 /CNW/ - Western Energy Services Corp. ("Western") 
(TSX: WRG) announced today that it has completed the previously announced 
private offering of $90.0 million aggregate principal amount of 7⅞% senior 
unsecured notes due January 30, 2019 (the "Notes"). The Notes were issued at 
$1,016.25 per $1000.00 principal amount plus accrued interest from and 
including July 30, 2013. Western intends to use the net proceeds from the 
offering to repay its outstanding indebtedness under its secured credit 
facilities, incurred as a result of the acquisition of IROC Energy Services 
Corp. in April 2013, and for general corporate purposes. The issuance of the 
Notes is in addition to $175.0 million principal amount of Notes which were 
issued on January 30, 2012. 
The offering was underwritten by RBC Capital Markets, as sole lead bookrunning 
manager, in a syndicate that included Scotia Capital Inc. and HSBC Securities 
(Canada) Inc. 
This press release shall not constitute an offer to sell or the solicitation 
of an offer to buy the Notes, nor shall there be any offer or sale of the 
Notes in any jurisdiction which such offer, solicitation or sale would be 
About Western Energy Services Corp.: 
Western is an oilfield service company which provides contract drilling 
services in Canada through its division Horizon Drilling and in the United 
States through its wholly owned subsidiary Stoneham Drilling Corporation. In 
Canada, Western also provides well servicing through its division Eagle Well 
Servicing and oilfield rental services through its division AERO Rental 
This press release contains forward-looking statements and forward-looking 
information within the meaning of applicable securities laws. All statements 
other than statements of historical fact contained in this press release may 
be forward-looking statements and forward-looking information. In 
particular, forward-looking information and statements in this press release 
include, but are not limited to, the use of the net proceeds from the 
offering. These forward-looking statements and information are based on 
certain key expectations and assumptions made by Western, including the 
assumption that the proceeds will be used as currently intended. Although 
Western believes that the expectations and assumptions on which such 
forward-looking statements and information are based are reasonable, undue 
reliance should not be placed on the forward- looking statements and 
information as Western cannot give any assurance that they will prove to be 
correct. Since forward-looking statements and information address future 
events and conditions, by their very nature they involve inherent risks and 
uncertainties. Actual results could differ materially from those currently 
anticipated due to a number of factors and risks. These include, but are not 
limited to, general economic, market and business conditions. Readers are 
cautioned that the foregoing list of risk and uncertainties is not 
exhaustive. Additional information on these and other risks factors that 
could affect Western's operations, financial results and the completion of the 
offering are included in Western's annual information form and the other 
disclosure documents filed by Western with securities regulatory authorities 
which may be accessed through the SEDAR website at www.sedar.com. The 
forward-looking statements and information contained in this press release are 
made as of the date hereof and Western does not undertake any obligation to 
update publicly or revise any forward-looking statements or information, 
whether as a result of new information, future events or otherwise, unless so 
required by applicable securities laws.

SOURCE  Western Energy Services Corp. 
Dale E. Tremblay Chief Executive Officer 403.984.5929 dtremblay@wesc.ca 
Alex MacAusland President and COO 403.984.5932 amacausland@wesc.ca 
Jeffrey K. Bowers Senior VP Finance and CFO 403.984.5933 jbowers@wesc.ca 
Western Energy Services Corp. #1700, 215 - 9th Avenue SW Calgary, AB T2P 1K3 
PH: 403.984.5916 Fax: 403.984.5917 
To view this news release in HTML formatting, please use the following URL: 
CO: Western Energy Services Corp.
ST: Alberta
-0- Sep/18/2013 16:19 GMT
Press spacebar to pause and continue. Press esc to stop.