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BRIEF-Bonterra Energy Corp. Updates On Credit Facilities

Published 2019-05-21, 07:16 a/m
BRIEF-Bonterra Energy Corp. Updates On Credit Facilities
BNE
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May 21 (Reuters) - Bonterra Energy Corp BNE.TO :

* BONTERRA ENERGY CORP. ANNOUNCES UPDATE TO CREDIT FACILITIES

* BONTERRA ENERGY CORP - AMENDED CREDIT FACILITIES ARE COMPRISED OF A $300 MILLION SYNDICATED REVOLVING CREDIT FACILITY

* BONTERRA ENERGY CORP - AMENDED CREDIT FACILITIES ARE COMPRISED OF A $40 MILLION NON-SYNDICATED REVOLVING CREDIT FACILITY

* BONTERRA ENERGY CORP - AMENDED CREDIT FACILITIES ARE COMPRISED OF ACCORDION FEATURE WHICH ALLOWS COMPANY TO OBTAIN FUTURE FUNDING OF UP TO $40 MILLION

* BONTERRA ENERGY CORP - TERMS OF AMENDED FACILITIES PROVIDE THAT LOAN IS REVOLVING TO APRIL 28, 2020, WITH A MATURITY DATE OF APRIL 28, 2021

* BONTERRA ENERGY CORP - BONTERRA IS DRAWN APPROXIMATELY $300 MILLION ON $340 MILLION BANK FACILITY.

* BONTERRA ENERGY CORP - ANTICIPATES GENERATING APPROXIMATELY $49 TO $54 MILLION OF FREE FUNDS FLOW FOR 2019.

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