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Leader Energy Services Pays Down $6.1 Million in Debt |
March 28, 2012
CALGARY, ALBERTA--(Marketwire - March 28, 2012) - Leader Energy Services Ltd. ("Leader" or the "Company") (TSX VENTURE:LEA) is pleased to announce that it has provided notice to its secured debt holder that it will be making a $6.1 million principal payment next week. The terms of the debt facility allow pre-payments without penalty. After this payment of the net proceeds from the bought-deal financing which closed earlier this week, the total principal amount owing on this debt facility will be $8.9 million. This debt reduction will save Leader approximately $730,000 in cash interest per year.
http://www.marketwire.com/mw/release.do?id=1637510&sourceType=3
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