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Finding alternative capital sources for energy firms

Thursday, October 13, 2016 @ 8:00 PM | By Cameron MacCarthy and Andrew Nicho

Cash-flow constraints within the Canadian energy sector and increased uncertainty as to the industry’s long-term sustainability have resulted in a significant decrease in traditional debt and equity markets activity.

Difficulties in accessing capital are not limited to corporations in acute financial distress; rather, many junior- and mid-sized oilfield service providers are increasingly finding traditional sources and structures of financing to be unavailable.

Recapitalization transactions, or turning to alternative sources of capital and financing structures, may provide the flexibility necessary for corporations to obtain the growth or...