Brief: Pieridae Energy Ltd Says Term Loan Deferred Fee Payment Date Delayed

Cavvy Energy (Alberta)

12/10/2021 12:39

Oct 12 (Reuters) - Pieridae Energy Ltd  PEA.TO :
    * TERM LOAN DEFERRED FEE PAYMENT DATE DELAYED
    * PIERIDAE ENERGY LTD - REACHED AGREEMENT WITH ITS SENIOR
SECURED
LENDER THIRD EYE CAPITAL CORPORATION TO DELAY PAYMENT OF $50.0
MILLION DEFERRED FEE OWING
    * PIERIDAE ENERGY LTD - PAYMENT DEADLINE HAS NOW BEEN
EXTENDED TO
FIRST BUSINESS DAY OF JANUARY 2022
    * PIERIDAE ENERGY LTD - DELAYED PAYMENT UNDER PIERIDAE'S
CREDIT
AGREEMENT SIGNED WITH TEC IN OCTOBER OF 2019

Source text for Eikon:  ID:nGNX2Bv6MH 
Further company coverage:  PEA.TO