Crown Capital Partners invests $15 mln in Source Energy Services
Canadian specialty finance firm Crown Capital Partners has invested $15 million in Source Energy Services, a Calgary-based provider of frac sand and logistical services to oil and gas producers active in the Western Canadian Sedimentary Basin. Crown's investment forms part of the company's $130 million offering of senior secured first lien notes. Source, which has operations in British Columbia, Alberta, Saskatchewan, Wisconsin and Texas, supplies about 50 percent of Western Canada's proppant market. Last month, Crown provided $15 million in debt funding to Touchstone Exploration Inc.
2 December 2016•2 mins read
