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Bullboard - Stock Discussion Forum Strathcona Resources Ltd T.SCR

Alternate Symbol(s):  STHRF

Energy Oil & Gas E&P
Strathcona Resources Ltd. is a Canada-based oil and gas producers with operations focused on thermal oil, enhanced oil recovery and liquids-rich natural gas. The Company has three operations: Lloydminster Heavy Oil, Cold Lake Thermal and Montney Gas. The Lloydminster Heavy Oil has multiple large oil-in-place reservoirs with existing and expanding enhanced oil recovery (EOR) opportunities... see more

TSX:SCR - Post Discussion

Strathcona Resources Ltd > $525 mil term loan due
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Post by filefish on Feb 03, 2024 10:18am

$525 mil term loan due

SCR has a $525 mil term loan due this month. Will they pay off part or all of it with their line of credit,  cash on hand, float some Waterous SCR shares held? Or will they  refinance with a new term loan? They need to reduce debt as a top priority and I heard someone say on the last conference call that they were going to pay off thIs term loan. It would be nice to get 525 mil off the liabilities side of the books, but I dont understand how they can do it.
Comment by filefish on Feb 04, 2024 9:19am
From the MD&A footnotes: Term Credit Facility At September 30, 2023, the Company had a $525.0 million term loan (December 31, 2022 - $700.0 million) with a syndicate of Canadian banks (the “Term Credit Facility” and together with the Revolving Credit Facility, the “Credit Facilities”). The Term Credit Facility has a maturity date of February 29, 2024. Concurrent with the Arrangement (refer to ...more  
Strathcona Resources Ltd
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