Secure Energy Announces Expansion of Syndicated Credit Facility to $400 Million

Secure Energy Announces Expansion of Syndicated Credit Facility to $400 Million 
CALGARY, ALBERTA -- (Marketwired) -- 10/29/13 -- Secure Energy
Services Inc. ("Secure" or the "Corporation") (TSX:SES) announced
today that it has amended and extended its existing $300 million
syndicated credit facility ("Syndicated Facility") to $400 million
led by Alberta Treasury Branches ("ATB"). All members of the previous
syndicate participated in the expansion of the Syndicated Facility.
There were no changes to the covenant terms of the underlying
syndicated credit agreement previously announced on August 4, 2011.
Key amendments, in addition to the Syndicated Facility increase,
include: 


 
--  Reduced borrowing rates and facility standby fees. 
--  Extension of the term of the agreement to July 31, 2016 with annual
    extensions available at management's option. 
--  A $50 million accordion option that will allow Secure to increase the
    amount available to $450 million at any time by exercising the option. 

 
ABOUT SECURE ENERGY SERVICES INC.  
Secure is a TSX publicly traded energy services company that focuses
on providing specialized services to upstream oil and natural gas
companies. 
The Corporation operates three divisions:  
Processing, Recovery and Disposal Division: Operating under the name
Secure Energy Services Inc., the Processing, Recovery and Disposal
Services Division focuses on clean oil terminalling, custom treating
of crude oil, crude oil marketing, produced and waste water disposal,
oilfield waste processing, landfill disposal and oil purchase/resale
service.  
Drilling Services Division: Operating under the name Marquis Alliance
the Drilling Services division provides drilling fluid systems,
specialty rental equipment and solids control services. The Drilling
Services division focuses on providing integrated products and
systems that are designed for more complex horizontal oil, gas and
bitumen wells in Western Canada and Northern USA.  
On Site Division: The On Site division offers fully integrated
services supporting the energy, resource, pipeline and civil
construction industries in Western Canada. The division offers a full
spectrum of services that include the full life cycle of pipeline and
facility operations, waste management and environmental sciences,
asset management and recovery, civil, remediation and reclamation
earthworks as well as integrated water solution services. 
Contacts:
Secure Energy Services Inc.
Rene Amirault
Chairman, President and CEO
(403) 984-6100
(403) 984-6101 (FAX) 
Secure Energy Services Inc.
Allen Gransch
Executive Vice President and CFO
(403) 984-6100
(403) 984-6101 (FAX)
www.secure-energy.com