Essential Energy Services Announces Credit Facility Renewal

Essential Energy Services Announces Credit Facility Renewal 
CALGARY, ALBERTA -- (Marketwired) -- 05/29/14 --   Essential Energy
Services Ltd. (TSX: ESN) ("Essential") has entered into a renewed
credit agreement dated May 29, 2014 (the "Credit Agreement") with a
syndicate of lenders including National Bank of Canada, The
Toronto-Dominion Bank, HSBC Bank Canada and Canadian Western Bank
(the "Lenders"). The Credit Agreement provides Essential with a
three-year revolving $100 million secured credit facility. In
addition, there is an accordion feature that allows Essential to
increase the credit facility by $35 million at a future date, subject
to certain terms and conditions, including Lenders' consent. The
maturity date is May 31, 2017.  
On May 29, 2014, Essential had $41 million of debt outstanding. 
ABOUT ESSENTIAL 
Essential is a growth-oriented, dividend paying corporation that
provides oilfield services to producers in western Canada for
producing wells and new drilling activity. Essential operates the
largest coil tubing well service fleet in Canada with 47 coil tubing
rigs and a fleet of 55 service rigs. Essential also sells, rents and
services downhole tools and equipment including the Tryton
Multi-Stage Fracturing System (Tryton MSFS(R)). Further information
can be found at www.essentialenergy.ca. 
The TSX has neither approved nor disapproved the contents of this
news release. 
Contacts:
Essential Energy Services Ltd.
Garnet K. Amundson
President and CEO
(403) 513-7272
service@essentialenergy.ca 
Essential Energy Services Ltd.
Karen Perasalo
Investor Relations
(403) 513-7272
service@essentialenergy.ca
www.essentialenergy.ca
 
 
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