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Bharat Vasandani Madhavan N. & Hari... Urvish Dave

Market & Company Research Store > Details

Year: 2012

Contents: 6 pages

Country: Canada

Sector: Equipments and Services (Energy)
Secure Energy Services Announces Public Offering Of Shares For $74m – Deal Analysis from GlobalData

Summary

Secure Energy Services Inc. (Secure Energy), an oilfield services company, agreed to issue 9,554,141 common shares at a price of CAD7.85 ($7.72) per share, for gross proceeds of CAD75m ($73.78), in a bought deal financing. In addition the company also granted the underwriters an over-allotment option, to purchase up to 1,433,121 additional common shares at the same offering price, exercisable for a period of 30 days following the closing of the offering.

Scope

- Rationale behind Secure Energy announcing secondary offering
- Geography covered - Canada

Reasons to buy

- Develop a sound understanding of Secure Energy's capital raising to fund its organic and inorganic growth
- Rationale behind the company's secondary Offering and utilization of its' proceeds

Keywords

Secure Energy Services Inc., secondary Offering, equity offering, equipments and services, Canada, Toronto Stock Exchange (TSX)
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