Brief: Perpetual Energy announces strategic financing initiatives

Perpetual Energy

17/02/2017 13:00

Feb 17 (Reuters) - Perpetual Energy Inc  PMT.TO  
    * Perpetual announces strategic financing initiatives 
    * Perpetual Energy Inc - financing transactions will deliver 
an additional $68 million of liquidity and reduce pro forma debt 
by $9 million 
    * Perpetual Energy Inc - strategic financing initiatives 
inlcude a $9 million non-brokered equity private placement 
    * Perpetual Energy Inc-  financing initiatives include a $45 
million second lien senior secured term loan 
    * Perpetual Energy - strategic financing initiatives 
inlcudes increase, extension of current bank lending 
arrangements to oct 31 
    * Perpetual Energy - financing initiatives extend co's 
current bank lending arrangements to oct 31, increase total 
borrowing capacity $14 million to $20 million 
 
Source text for Eikon:  ID:nCNWbDngRa  
Further company coverage:  PMT.TO  
 
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