GASFRAC Energy Services Inc. announced that it has closed the $60,000,000 debt financing previously announced. In connection therewith, the Corporation has entered into a senior secured credit facility (the Facility) with PNC Bank Canada Branch (PNC). The Facility is a five year revolving credit facility of up to $60,000,000, subject to a borrowing base with interest at prime plus 1.5%.

Initially $35,000,000 will be available under the Facility, with availability subject to increase based on future performance of the Corporation. The term of the Facility may be accelerated to November 30, 2016, in the event certain conditions related to the Facility are not met.