Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: GlobalData
$125.00
Provider: Reuters Investment Profile
$20.00
Provider: Thomson Reuters StreetEvents
$75.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Peyto Exploration & Development Corp Announces Expanded Credit Facility


Friday, 26 Apr 2013 09:08am EDT 

Peyto Exploration & Development Corp announced that its syndicate of lenders, led by Bank of Montreal, and including Union Bank Canada Branch, Royal Bank of Canada, Canadian Imperial Bank of Commerce, Toronto-Dominion Bank, Scotiabank, HSBC Bank Canada, Alberta Treasury Branch, and Canadian Western Bank has expanded the Company's revolving credit facility from $730 million to $1.0 billion. This expanded, unsecured, covenant based credit facility has a two- year term and contains the same financial covenants as the previous secured revolver. In addition, the note purchase agreements for the $150 million of senior secured notes that were issued pursuant to a private shelf agreement with Prudential Investment Management Inc., has been amended to reflect the removal of the security. Subsequent to this facility expansion, Peyto's total borrowing capacity increases to $1.15 billion, with $1.0 billion of unsecured, covenant based revolving bank credit and $150 million of senior unsecured long-term notes. 

Company Quote