May 23 (Reuters) - Cequence Energy Ltd CQE.TO :
* CEQUENCE ENERGY ANNOUNCES PROPOSED DEBT TRANSACTION PRIVATE PLACEMENT AND CREDIT FACILITY RENEWAL UPDATE
* CEQUENCE ENERGY LTD SAYS COMPANY HAS AGREED TO PRE-PAY $10.0 MILLION OF COMPANY'S $60.0 MILLION TERM LOAN PLUS ACCRUED AND UNPAID INTEREST ON SUCH AMOUNT