Calfrac Announces Pricing of US$150 Million Add-on Offering of Senior Notes

Calfrac Announces Pricing of US$150 Million Add-on Offering of Senior Notes 
CALGARY, Oct. 3, 2013 /CNW/ - Calfrac Well Services Ltd. ("Calfrac") (TSX-CFW) 
announced today that Calfrac Holdings LP ("Calfrac Holdings"), a Delaware 
limited partnership which is indirectly wholly owned by Calfrac, priced an 
offering of US$150 million aggregate principal amount of its 7.50% senior 
notes due 2020 (the "notes") at an issue price of 99.625% of the aggregate 
principal amount of the notes plus accrued interest from June 1, 2013. The 
notes will be issued as additional notes under the indenture pursuant to which 
Calfrac Holdings previously issued US$450 million aggregate principal amount 
of its 7.50% senior notes due 2020 (the "existing notes"). The notes will be 
treated together with the existing notes as a single series of debt 
securities, and will have the same terms as and be fungible with the existing 
notes. Calfrac and Calfrac Well Services Corp., its wholly owned subsidiary 
and a Colorado corporation, will fully and unconditionally guarantee the 
notes. The offering is expected to close on or about October 8, 2013, 
subject to the satisfaction of customary closing conditions. 
Calfrac Holdings intends to use the net proceeds from the offering of the 
notes to repay indebtedness under Calfrac's credit facilities that was 
incurred in connection with Calfrac's previously announced acquisition of all 
of the operating assets of Mission Well Services, LLC. 
The notes will be sold to qualified institutional investors pursuant to Rule 
144A under the Securities Act of 1933, as amended (the "Securities Act") and 
to certain non-U.S. persons in transactions outside the United States pursuant 
to Regulation S under the Securities Act. Any offers of the notes will be 
made only by means of a confidential offering memorandum. The notes will not 
be registered under the Securities Act or any applicable state securities law, 
and may not be offered or sold in the United States absent registration under 
the Securities Act and applicable state securities laws or pursuant to 
available exemptions from such registration requirements. 
This press release does not constitute an offer to sell or the solicitation of 
an offer to buy the notes, and there shall not be any sale of the notes in any 
state or other jurisdiction in which such offer, solicitation or sale would be 
unlawful prior to registration or qualification under the securities laws of 
any such state or other jurisdiction. 
This press release contains forward-looking statements and forward-looking 
information within the meaning of applicable securities laws. The use of any 
of the words "expect", "anticipate", "continue", "estimate", "may", "will", 
"project", "should", "believe", "plans", "intends" and similar expressions are 
intended to identify forward-looking information or statements. More 
particularly and without limitation, this press release contains 
forward-looking statements and information concerning the offering of the 
notes by Calfrac Holdings. Although Calfrac believes that the expectations 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 Calfrac 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, prevailing economic conditions; commodity prices; sourcing, 
pricing and availability of raw materials, component parts, equipment, 
suppliers, facilities and skilled personnel; dependence on major customers; 
uncertainties in weather and temperature affecting the duration of the service 
periods and the activities that can be completed; health, safety and 
environmental risks; commodity price and exchange rate fluctuations; marketing 
and transportation; loss of markets; environmental risks; competition; 
incorrect assessment of the value of acquisitions; failure to realize the 
anticipated benefits of acquisitions; ability to access sufficient capital 
from internal and external sources; failure to obtain required regulatory and 
other approvals; and changes in legislation, including but not limited to tax 
laws, royalties and environmental regulations. 
Readers are cautioned that the foregoing list of risks and uncertainties is 
not exhaustive. Additional information on these and other risk factors that 
could affect Calfrac's operations or financial results are included in 
Calfrac's annual information form and may be accessed through the SEDAR 
website (www.sedar.com). The forward-looking statements and information 
contained in this press release are made as of the date hereof and Calfrac 
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  Calfrac Well Services Ltd. 
Douglas R. Ramsay Chief Executive Officer Telephone:(403) 266-6000 
Fax:(403)266-7381 
Tom J. Medvedic Senior Vice President, Corporate Development and Interim Chief 
Financial Officer Telephone: (403) 266-6000 Fax: (403) 266-7381 
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CO: Calfrac Well Services Ltd.
ST: Alberta
NI: OIL NEWSTK  
-0- Oct/03/2013 21:00 GMT
 
 
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