Petrowest Corporation Provides Update on Credit Facilities

CALGARY, Oct. 14, 2016 /CNW/ - Petrowest Corporation ("Petrowest" or the "Company") (TSX:PRW) is pleased to announce that its lenders (under both the syndicated credit facility and the subordinated debt agreement) have granted an additional extension to the waiver period, which was initially announced on August 10, 2016, from October 14, 2016 to November 10, 2016.

Over the past month, Petrowest has made significant progress in finalizing a long term debt solution.

Additional information respecting Petrowest's credit facilities and the financial covenants in those credit facilities may be found in Petrowest's Management Discussion and Analysis ("MD&A") for the three and six months ended June 30, 2016, available under Petrowest's profile on the SEDAR website at www.sedar.com.

ABOUT PETROWEST

Petrowest is a diversified infrastructure company with primary operations based in northeastern British Columbia and Alberta. Petrowest's operations are focused on industrial and civil infrastructure projects, gravel crushing and hauling activities, as well as pre-drilling and post-completion energy services.

SOURCE Petrowest Corporation

For further information: please contact Nikolaus Kiefer, Vice President of Business Development & Investor Relations at (403) 384-0405 or info@petro-west.com.

RELATED LINKS
www.petro-west.com

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890