Brief: Surge Energy Says Credit Facility Confirmed At $335 Mln With Revolving Period Extended to Dec. 15
22/06/2020 11:59
June 22 (Reuters) - Surge Energy Inc SGY.TO :
* SURGE ENERGY INC. ANNOUNCES CORPORATE UPDATE;
REDETERMINATION OF
CREDIT FACILITY; SPARKY TECHNICAL UPDATE
* SURGE ENERGY - CREDIT FACILITY HAS BEEN CONFIRMED AT $335
MILLION, WITH REVOLVING PERIOD EXTENDED TO DECEMBER 15, 2020
* SURGE ENERGY - HAS AGREED TO A MAINTENANCE CAPITAL BUDGET
FOR
2020 OF APPROXIMATELY $45 MILLION
* SURGE ENERGY - ANTICIPATES CREDIT FACILITY WILL PROVIDE
SUFFICIENT LIQUIDITY TO EXECUTE ON ITS BUSINESS PLAN THROUGH
BALANCE OF 2020
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