Toronto, September 16, 2013 -- Calfrac Well Services Ltd.'s (Ba3 stable) announced agreement to acquire all of the operating assets of Mission Well Services, LLC (unrated), a privately held hydraulic fracturing and coiled tubing services provider in the Eagle Ford Shale region of Texas is credit positive. While the debt financed acquisition will modestly increase Calfrac's leverage, it provides high quality equipment that will preempt a portion of Calfrac's 2014 growth capital, and give Calfrac a position in the active Eagle Ford basin.
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