Secure Energy Services Announces Public Offering Of Shares For $74m

Pages: 5 Published: July 01, 2012 Report Code: GDGE0399M&A

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

Table of Contents

1 Table of Contents 1

1.1 List of Tables 1

1.2 List of Figures 1

2 Secure Energy Services Inc. Announces Public Offering of Shares for $74m 1

2.1 Deal Overview 1

2.2 Deal in Brief 1

2.3 Secure Energy to Utilize Proceeds of Offering to Fund a Portion of Increased 2012 Organic Capital Budget of $166m 1

2.4 Secure Energy has been Raising Capital to Fund its Organic and Inorganic Growth Since 2008 2

2.5 Secure Energy has Aggressive Organic Expansion Plans 4

2.6 Deal Financials and Valuations 4

2.6.1 Companies Involved 4

2.6.2 Deal Financials 4

2.6.3 Deal Rationale 4

2.6.4 Advisor Information 4

2.6.5 Detailed Target Information 4

2.6.6 Key Financials 5

2.6.7 Share Price Information 5

2.6.8 Company Valuation Multiples 5

2.7 Sources 5

3 Appendix 5

3.1 Methodology 5

3.1.1 Coverage 5

3.1.2 Secondary Research 6

3.1.3 Primary Research 6

3.1.4 Expert Panel Validation 6

3.2 Contact Us 6

3.3 Disclaimer 6

List of Tables

Table 1: Equity Offering Deals, Secure Energy Services Inc., Canada, $m, 2008–2011 3

Table 2: Companies Involved 4

Table 3: Financials of the Deal 4

Table 4: Underwriter Information 4

Table 5: Target Information 4

Table 6: Target’s Financial Information 5

Table 7: Share Price Information 5

Table 8: Company Valuation Multiples 5

List of Figures

Figure 1: Secure Energy Services, Variation in Stock Price After the Announcement of the Secondary Equity Offering, CAD, July 24, 2012 to July 30, 2012 2

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