Brief: Bonterra Energy Corp. Updates On Credit Facilities

Bonterra Energy

21/05/2019 12:16

May 21 (Reuters) - Bonterra Energy Corp  BNE.TO :
    * BONTERRA ENERGY CORP. ANNOUNCES UPDATE TO CREDIT
FACILITIES
    * BONTERRA ENERGY CORP - AMENDED CREDIT FACILITIES ARE
COMPRISED
OF A $300 MILLION SYNDICATED REVOLVING CREDIT FACILITY
    * BONTERRA ENERGY CORP - AMENDED CREDIT FACILITIES ARE
COMPRISED
OF A $40 MILLION NON-SYNDICATED REVOLVING CREDIT FACILITY
    * BONTERRA ENERGY CORP -  AMENDED CREDIT FACILITIES ARE
COMPRISED
OF ACCORDION FEATURE WHICH ALLOWS COMPANY TO OBTAIN FUTURE
FUNDING OF UP TO $40 MILLION
    * BONTERRA ENERGY CORP - TERMS OF AMENDED FACILITIES PROVIDE
THAT
LOAN IS REVOLVING TO APRIL 28, 2020, WITH A MATURITY DATE OF
APRIL 28, 2021
    * BONTERRA ENERGY CORP - BONTERRA IS DRAWN APPROXIMATELY
$300
MILLION ON $340 MILLION BANK FACILITY.
    * BONTERRA ENERGY CORP - ANTICIPATES GENERATING
APPROXIMATELY $49
TO $54 MILLION OF FREE FUNDS FLOW FOR 2019.

Source text for Eikon:  ID:nCNWwvRwYa 
Further company coverage:  BNE.TO 
    
    

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