May 23 (Reuters) - Source Energy Services Ltd SHLE.TO :
* SOURCE ENERGY SERVICES LTD. ANNOUNCES OFFERING OF SENIOR SECURED NOTES AND INCREASED CREDIT FACILITY
* SOURCE ENERGY SERVICES LTD - INTENDS TO USE NET PROCEEDS FROM OFFERING TO REPAY DRAWN AMOUNTS UNDER ITS EXISTING CREDIT FACILITIES
* SOURCE ENERGY - PRIVATE PLACEMENT OFFERING OF $40 MILLION AGGREGATE PRINCIPAL AMOUNT OF 10.5% SENIOR SECURED FIRST LIEN NOTES DUE DECEMBER 15, 2021