💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadExplore for free

BRIEF-Peyto Provides Operational Update And Amends Credit And Note Purchase Agreements

Published 2020-06-29, 05:35 p/m
© Reuters.
PEY
-

June 29 (Reuters) - Peyto Exploration & Development Corp PEY.TO :

* PEYTO PROVIDES OPERATIONAL UPDATE AND AMENDS CREDIT AND NOTE PURCHASE AGREEMENTS

* PEYTO EXPLORATION & DEVELOPMENT CORP - REAFFIRMS ITS 2020 CAPITAL GUIDANCE

* PEYTO EXPLORATION & DEVELOPMENT - CURRENT PRODUCTION IS CONSISTENT WITH Q1 AT ABOUT 78,500 BOE/D

* PEYTO EXPLORATION & DEVELOPMENT - ON JUNE 29, FINALIZED AGREEMENT WITH SYNDICATE OF LENDERS & TERM DEBT NOTE HOLDERS

* PEYTO EXPLORATION & DEVELOPMENT CRP - CREDIT FACILITY & LONG TERM NOTES ARE NOW SECURED BY A FLOATING DEBENTURE ON CO'S ASSETS

* PEYTO EXPLORATION & DEVELOPMENT - $1.3 BILLION EXTENDIBLE REVOLVING CREDIT FACILITY HAS BEEN REDUCED TO $950 MILLION UNDER AMENDMENT

* PEYTO EXPLORATION & DEVELOPMENT - AMENDED FACILITY PROVIDES CO WITH ADEQUATE LIQUIDITY TO EXECUTE ITS 3-YEAR STRATEGIC BUSINESS PLAN

* PEYTO EXPLORATION & DEVELOPMENT - IS ABOUT HALFWAY THROUGH 2020 CAPITAL PROGRAM, WHICH IS EXPECTED TO RANGE BETWEEN $200 & $250 MILLION

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.