GREY:TBTEF - Post by User
Post by
Teamaster99on Jun 07, 2016 9:15pm
341 Views
Post# 24944337
June 10 Do or die
June 10 Do or die Twin Butte provides update on credit facilities
CALGARY, June 7, 2016 /CNW/ - (TSX: TBE) – Twin Butte Energy Ltd. ("Twin Butte" or the "Company") announces that its bank syndicate has not extended the maturity date of Twin Butte's $85 million non-revolving credit facility pastJune 7, 2016 and has not extended the expiry of the revolving period of Twin Butte's $140 million revolving credit facility past June 7, 2016. Unless otherwise agreed to by the lenders, the lenders will be entitled to make a demand for the full repayment of the amounts owing under such credit facilities on June 10, 2016, after which the lenders may elect to enforce their security.