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-0.0719587628865979 -0.0719587628865979 -0.0719587628865979 -0.0719587628865979 -0.0719587628865979 -0.0719587628865979 -0.0515463917525773 -0.0461855670103093
Stock impact report

Obsidian Energy Announces an Update to its Syndicated Credit Facility

Obsidian Energy Ltd. (OBE) 
Last obsidian energy ltd. earnings: 8/2 06:30 am Check Earnings Report
US:NYSE Investor Relations: obsidianenergy.com/investor-centre
Company Research Source: PR Newswire
CALGARY, March 4, 2020 /PRNewswire/ - OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that, further to our press release on February 27, 2020, we have reached an agreement with our syndicated credit facility lenders to extend the date by which certain conditions are required to be met from March 4, 2020 to March 13, 2020. Those conditions include:the maturity dates of the Company's outstanding senior notes due on March 16, 2020, May 29, 2020 and December 2, 2020, totaling US$27 million, have been extended to at least November 30, 2021; the net rent amount payable under the Company's office lease will not exceed an aggregate amount of $10 million per annum for the years 2020 through 2024 and $833,333 for the month of January 2025, when the lease expires; and the building landlord has agreed to indemnify the Company on all existing subleases. In the event the Company cannot reach agreement to meet the above conditions wit Show less Read more
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