Sept 25 (Reuters) - Trican Well Service Ltd TCW.TO :
* Announces agreement in principle with its lender and operational update
* Says reached an agreement in principle with its bank lenders under its
revolving credit facility
* Says reached agreement in principle with holders of senior notes to make certain amendments to the applicable credit documentation
* Says "currently anticipate that our Q3 financial results will be
substantially better than the first half of 2015"
* To reduce the availability under the revolving credit facility from CAD$575
million to CAD$410 million
* Says expecting a modest pull back in activity in September due to the drop in oil
prices experienced during the third quarter
* Expect additional cost reductions as "we right-size our operations to be
aligned with a more North American focused business"
* Sees a minimum cumulative EBITDA of CAD$50 million for the third quarter of
2015
* Source text for Eikon ID:nMKW14B7ma
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