Baytex Energy Launches Tender Offer for 2032 Notes and Plans 2030 Note Redemption
Baytex Energy Corp. has initiated a cash tender offer to purchase its US$575 million 7.375% Senior Notes due 2032, using proceeds from its U.S. Eagle Ford assets divestiture. Additionally, Baytex plans to redeem its US$759,440,000 8.500% Senior Notes due 2030, contingent on the Eagle Ford Asset Sale completion, with redemption set for December 22, 2025.