Post by
Frank007 on Apr 02, 2024 11:21am
There it is
$165,000,000 additional debt ...$409,000,000 swap 8.5% debt for 7.4% ....that's good but adding 165 million is not good in this environment .....
Comment by
robert41 on Apr 02, 2024 11:25am
Thx frank pretty sure everyone here knew about it I'm not sure what your point is this is nothing new to investors.
Comment by
Frost19 on Apr 02, 2024 12:14pm
Hi Frank, Baytex didn't add any additional debt. They added more term debt at lower rates and deleted a mix of term and LOC debt at higher rates. The amoun of debt isn't changing, just the rate. I'm anticipating it will save Baytex 9-10M per year pre tax. It was a very smart move.