Brief: Obsidian Energy Announces New Senior Note Maturity Dates

Obsidian Energy

16/03/2020 03:17

March 15 (Reuters) - Obsidian Energy Ltd  OBE.TO :
    * OBSIDIAN ENERGY ANNOUNCES NEW SENIOR NOTE MATURITY DATES,
AMENDMENTS TO OUR FINANCIAL COVENANTS AND AGREEMENT WITH
LANDLORD ON RENEWED LEASE TERMS
    * REACHED AGREEMENT WITH NOTEHOLDERS TO AMEND SENIOR NOTE
AGREEMENTS TO ALIGN ALL NOTE MATURITY DATES TO NOVEMBER 30, 2021
    * SENIOR NOTES MATURING ON MARCH 16, 2020, MAY 29, 2020 AND
DECEMBER 2, 2020 WILL BE EXTENDED TO NOVEMBER 30, 2021
    * SENIOR NOTES MATURING ON DECEMBER 2, 2022 AND DECEMBER 2,
2025
WILL NOW MATURE ON NOVEMBER 30, 2021
    * SENIOR NOTE MATURING ON NOVEMBER 30, 2021 WILL REMAIN SAME
    * COMPANY HAS ALSO REACHED AN AGREEMENT WITH ITS BUILDING
LANDLORD
ON RENEWED LEASE TERMS FOR ITS CALGARY OFFICE SPACE

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

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