Obsidian Energy Closes $175 Million Senior Unsecured Notes Offering
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Obsidian Energy Ltd. closed a $175 million private placement of five-year senior unsecured notes at 8.125% interest, due December 3, 2030. Proceeds were used to redeem $80.8 million of 11.95% notes due July 27, 2027, reduce syndicated credit facility debt, and cover transaction costs. The credit facility now has $8 million outstanding. BMO and RBC Capital Markets were bookrunners.
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