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Bullboard - Stock Discussion Forum Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

Surge Energy Inc. is a Canada-based oil focused exploration and production (E&P) company. The Company's business consists of the exploration, development and production of oil and gas from properties in Western Canada. It holds focused and operated light and medium gravity crude oil properties in Alberta, Saskatchewan and Manitoba, characterized by large oil in place crude oil reservoirs with... see more

TSX:SGY - Post Discussion

Surge Energy Inc (Alberta) > Pl correct me if I am wrong
View:
Post by Dibah420 on Dec 10, 2021 9:23am

Pl correct me if I am wrong

Borrowed $40 MM from BDC. 
Re-paid $42MM year later. 
Interest rate 0.056?

New coupon rate:  0.0885  ?
Comment by Chris007 on Dec 10, 2021 11:02am
Info on the BDC loan is in the 2020 year end MD&A (pg.19) As at December 31, 2020, the Company had a term loan commitment with Business Development Bank of Canada, for a four year, non-revolving second lien term facility of $40 million, maturing on November 17, 2024. At December 31, 2020, the Company had $32.5 million drawn on its term facility with $7.5 million of available borrowing ...more  
Comment by Dibah420 on Dec 10, 2021 11:06am
Chris007 Thank you.
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