Pieridae Energy Ltd T.PEA

Loan Sharks Cut Pieridae Some Slack

[commonsense9]

... not that they have any choice...

TERM LOAN DEFERRED FEE PAYMENT DATE DELAYED
$50.0 Million Payment Now Due January 2022

CALGARY, ALBERTA – October 12, 2021 - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) today announced it has reached an agreement with its senior secured lender Third Eye Capital Corporation (“TEC”) to delay payment of the $50.0 million deferred fee owing under Pieridae’s Credit Agreement signed with TEC in October of 2019. The deferred fee was to have been paid by October 16, 2021. The payment deadline has now been extended to the first business day of January 2022.

“I am pleased we have achieved this payment extension and want to thank..." etc.

https://pieridaeenergy.com/news-release/term-loan-deferred-fee-payment-date-delayed

[downwithdotcom1]

last part from the news release..it looks like TEC is also expecting some sort of material sale and before year's end...NOW TO YOU BELIEVE??? see below..dwdc “I am pleased we have achieved this payment extension and want to thank TEC for their continued support of the Company and the Strategic Review currently underway with Peters & Co. that is focused on enhancing shareholder value

[commonsense9]

Info on your highlighted part below: First of all- you should be able to recognize that as expected spin. I’m not saying it is ONLY spin. But the only thing we know for sure is that it is the expected spin. What Peters & Co are selling the extensive gas assets. That is what there is a prospectus for. There is no concrete evidence of selling the LNG business. Sorensen says everything