Brief: Surge Energy Inc. Announces $130 Mln Term Debt Financing, New $150 Mln First Lien Credit Facility
09/12/2021 23:24
Dec 9 (Reuters) - Surge Energy Inc SGY.TO :
* SURGE ENERGY INC. ANNOUNCES $130 MILLION TERM DEBT
FINANCING;
NEW $150 MILLION FIRST LIEN CREDIT FACILITY; REPAYMENT OF $42
MILLION BDC TERM FACILITY; AND PROVIDES STRATEGIC OUTLOOK TO
SHAREHOLDERS
* SURGE ENERGY INC - WILL CONTINUE TO FOCUS ON REDUCING DEBT
LEVERAGE OVER NEXT SIX MONTHS
* SURGE ENERGY - TARGETING REINSTATEMENT OF ITS SUSTAINABLE
DIVIDEND MODEL IN MID-2022
Source text for Eikon: ID:nCNWST7bwa
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