Brief: Prairie Provident Announces Confirmation Of Revolving Facility Borrowing Base And Amendments To Financial Covenants

Prairie Provident Resources

10/04/2019 12:54

April 10 (Reuters) - Prairie Provident Resources Inc
 PPR.TO :
    * PRAIRIE PROVIDENT ANNOUNCES CONFIRMATION OF REVOLVING
FACILITY
BORROWING BASE AND AMENDMENTS TO FINANCIAL COVENANTS
    * PRAIRIE PROVIDENT RESOURCES INC - CONFIRMATION OF ITS $60
MILLION BORROWING BASE UNDER COMPANY'S SENIOR SECURED REVOLVING
FACILITY
    * PRAIRIE PROVIDENT RESOURCES INC - FINALIZED TERMS OF
AMENDING
AGREEMENTS WITH PRUDENTIAL CAPITAL GROUP RESPECTING ITS
REVOLVING FACILITY AND SENIOR SUBORDINATED NOTES
    * PRAIRIE PROVIDENT RESOURCES INC - EXPECTS THAT AMENDED
THRESHOLDS WILL PROVIDE IT WITH ADDITIONAL FINANCIAL FLEXIBILITY
AND RUNWAY TO EXECUTE ITS 2019 CAPITAL PROGRAM
    * PRAIRIE PROVIDENT RESOURCES - PRUDENTIAL AGREED TO RELAX
CERTAIN
FINANCIAL COVENANT RATIOS FOR QUARTER ENDING MARCH 31 THROUGH
QUARTER ENDING DEC 31

Source text for Eikon:  ID:nGNX371cww 
Further company coverage:  PPR.TO 

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