RE:RE:$50M undrawn credit facilityfortunefavorsus wrote: Overall great news! Obviously there were some first lien banks giving them a hard time and now they are down to the "supportive banks". The government loan needed to be eliminated so they can do dividends and buybacks. They are basically set for next five years.
The bad is the interest rate but in this anti-oil environment it is good they could get financing. Baytex also had to pay 8% for a bond issue and they were in better financial shape than SGY. Up from here IMO.
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ffu
Thanks for answering my query before I posted it.