Brief: Perpetual Energy Announces Resolution Of The Sequoia Litigation
22/03/2024 21:55
March 22 (Reuters) - Perpetual Energy Inc PMT.TO :
* PERPETUAL ENERGY INC. ANNOUNCES RESOLUTION OF THE SEQUOIA
LITIGATION, REPAYMENT OF ITS SECOND LIEN TERM LOAN AND EARLY
REDEMPTION OF ITS SENIOR SECURED NOTES
* PERPETUAL ENERGY INC: PURSUANT TO SETTLEMENT AGREEMENT
WILL MAKE
AN AGGREGATE PAYMENT OF $30 MILLION SPREAD OUT OVER SEVERAL
YEARS
* PERPETUAL ENERGY : FULLY REPAID & CANCELLED ITS EXISTING
SECOND
LIEN TERM LOAN FROM ALBERTA INVESTMENT MANAGEMENT CORPORATION
DUE DEC 31, 2024
Source text for Eikon: ID:nCNWNJV5ka
Further company coverage: PMT.TO
((Reuters.Briefs@thomsonreuters.com;))
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