Brief: Obsidian Energy Announces Extension And Updates To Syndicated Credit Facility

Obsidian Energy

27/02/2020 23:11

Feb 27 (Reuters) - Obsidian Energy Ltd  OBE.TO :
    * OBSIDIAN ENERGY ANNOUNCES AN EXTENSION AND UPDATES TO ITS
SYNDICATED CREDIT FACILITY
    * OBSIDIAN ENERGY LTD - AMOUNT AVAILABLE UNDER SYNDICATED
CREDIT
FACILITY HAS BEEN REDUCED BY $10 MILLION TO $450 MILLION LEVEL
    * OBSIDIAN ENERGY - REVOLVING PERIOD UNDER AGREEMENT HAS
BEEN
EXTENDED TO MAY 31, 2021 WITH END DATE OF TERM PERIOD EXTENDED
TO NOVEMBER 31, 2021
    * OBSIDIAN ENERGY LTD - IN ACTIVE NEGOTIATIONS WITH OUR
NOTEHOLDERS AND BUILDING LANDLORD ON OUTSTANDING ITEMS IN ORDER
TO FINALIZE EXTENSION

Source text for Eikon:  ID:nCNWdV1rta 
Further company coverage:  OBE.TO 

 ((Reuters.Briefs@thomsonreuters.com;))