RE:BAZOOKA: MEG BUYS & CANCELS $ 105 Million 7.125% 2027 Notes- the USD 105 million 7.125% 2027 Notes on March 22, 2024 WERE THE ONLY NOTES that MEG Energy REPURCHASED and CANCELLED in 2024
- the PREVIOUS Notes REPURCHASED and CANCELLED was on December 22, 2023 in the amount of USD 5,280,000
Notes Debt @ 12/31/2023:
7.125% senior unsecured notes
(December 31, 2023 - US$258.2 million; due 2027;
5.875% senior unsecured notes
(December 31, 2023 - US$600 million; due 2029;
Total Notes DEBT: USD 858.2 million
RECENT REPURCHASE and CANCELLATION:
USD 105 million
NOTES DEBT @ 3/23/2024:
USD 753.2 million
- you have to SUBTRACT CASH ON HAND (TRANSLATED in US DOLLARS) to GET at the ~ NET DEBT AMOUNT
USD 153.2 million BALANCE OUTSTANDING on the 7.125% 2027 Senior Unsecured Notes
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