Brief: Prairie Provident Announces Closing Of Marquee Energy Acquisition

Prairie Provident Resources

21/11/2018 21:52

Nov 21 (Reuters) - Prairie Provident Resources Inc  PPR.TO :
    * PRAIRIE PROVIDENT ANNOUNCES CLOSING OF MARQUEE ENERGY LTD.
ACQUISITION
    * PRAIRIE PROVIDENT RESOURCES INC - UNIT EXPANDED ITS
EXISTING
CREDIT ARRANGEMENTS WITH PRUDENTIAL CAPITAL GROUP
    * PRAIRIE PROVIDENT RESOURCES INC - EXPANSION INCREASES ITS
REVOLVING NOTE FACILITY FROM US$45 MILLION TO US$65 MILLION
    * PRAIRIE PROVIDENT RESOURCES INC - EXPANSION INCLUDES ISSUE
OF AN
ADDITIONAL US$12.5 MILLION PRINCIPAL AMOUNT OF SUBORDINATED
NOTES.
    * PRAIRIE PROVIDENT RESOURCES INC - BORROWINGS UNDER
EXPANDED
CREDIT FACILITY HAVE BEEN APPLIED, IN PART, TO FINANCE REPAYMENT
OF MARQUEE'S INDEBTEDNESS

Source text for Eikon:  ID:nGNX3C840H 
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