Business Credit Availability Program

Calfrac Well Services

EDC provided $35 million in financing towards a revolving credit facility for Calfrac Well Services of Calgary. Calfrac provides specialized oilfield services to exploration and production companies designed to increase the production of hydrocarbons from wells drilled throughout western Canada, the United States, Russia, Mexico and Argentina. The financing will support Calfrac's international expansion and general corporate purposes, in order to further establish Calfrac as a pre-eminent global oilfield service company.