Bullboard - Stock Discussion Forum Athabasca Oil Corp T.ATH

Alternate Symbol(s): ATHOF

Energy Oil & Gas E&P

Athabasca Oil Corporation (AOC) is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. AOC’s segments include Light Oil and Thermal Oil. The Thermal Oil segment includes the Company’s assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the... see more

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Athabasca Oil Corp > ATH redeems notes

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Post by andy604 on Sep 07, 2024 4:23am

ATH redeems notes

Athabasca Oil Corp. (TSX: ATH) has closed its private placement of C$200 million aggregate principal amount of 6.75 per cent senior unsecured notes due Aug. 9, 2029.
Net proceeds from the offering along with cash on hand were used to redeem its US$157 million aggregate principal amount of 9.75 per cent senior secured second lien notes due Nov. 1, 2026.
Athabasca stated it proactively refinanced its term debt on attractive terms, supported by strong business fundamentals and constructive credit markets.
Shares of Athabasca Oil Corp. were down 0.39 per cent, trading at C$5.16 at 12:45 pm ET Friday.

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