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Athabasca Oil Corporation Announces $200 Million Unsecured Notes Offering and Issuance of Conditional Redemption Notice
Jul 29, 2024•almost 2 years ago
Contract Type
agreement
CalgaryEnergyOil And Gas
Description
Athabasca Oil Corporation has announced an underwriting agreement to sell $200 million senior unsecured notes due 2029. The company intends to use the net proceeds of the Offering and cash on hand to redeem its US$157 million aggregate principal amount of 9.75% senior secured second lien notes due 2026. The Company's strategy includes prudent long-term balance sheet management and proactively refinancing its existing term debt on attractive terms.
Company Information
Company
Athabasca Oil Corporation
Location
Calgary, Alberta, Canada
About
Athabasca Oil Corporation is a Canadian company based in Calgary, Alberta. The company is listed on the Toronto Stock Exchange under the symbol ATH.
Predictive Intelligence
Strategic
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