Athabasca Oil Corporation Announces Notice of Conditional Redemption for its US$157 Million Senior Notes Due 2026
29 Julho 2024 - 6:08PM
Athabasca Oil Corporation announced today that it has issued a
notice of conditional redemption for the outstanding US$157 million
principal amount of its 9.75% Senior Secured Second Lien Notes due
2026 (the “Redemption Notes”), which redemption will be paid using
net proceeds of its issuance of 6.75% Senior Unsecured Notes due
2029 announced today and cash from its balance sheet. As set forth
in the notice of redemption issued today in respect of the
Redemption Notes, the redemption date is August 9, 2024, and the
redemption price for the Redemption Notes is par plus the
applicable premium and accrued and unpaid interest.
On July 29, 2024, a copy of the notice of
conditional redemption with respect to the Redemption Notes was
issued to record holders. Payment of the redemption price and
surrender of the Redemption Notes for redemption will be made
through the facilities of the Depository Trust Company in
accordance with the applicable procedures of the Depository Trust
Company on August 9, 2024. The name and address of the paying agent
are as follows: The Bank of New York Mellon, 240 Greenwich Street,
7E, New York NY 10286, Attention: Corporate Trust.
This press release does not constitute an offer
to sell or buy or the solicitation of an offer to buy or sell any
security and shall not constitute an offer, solicitation, sale or
purchase of any securities in any jurisdiction in which such
offering, solicitation, sale or purchase would be unlawful.
The Redemption Notes mentioned herein have not
been and will not be registered under the United States Securities
Act of 1933, as amended, any state securities laws or the laws of
any other jurisdiction, and may not be offered or sold in the
United States absent registration or an applicable exemption from
such registration requirements. The Redemption Notes mentioned
herein have not been and will not be qualified for distribution to
the public under applicable Canadian securities laws and,
accordingly, any offer and sale of the securities in Canada may
only be made on a basis which is exempt from the prospectus
requirements of such securities laws.
All amounts in this press release are in U.S.
dollars.
FORWARD-LOOKING STATEMENTS
Certain statements in this announcement are
forward-looking statements based on current expectations. By their
nature, forward-looking statements require us to make assumptions
and are subject to important known and unknown risks and
uncertainties, which may cause our actual results in future periods
to differ materially from those set forth in the forward-looking
statements.
About Athabasca Oil
Corporation
Athabasca Oil Corporation is a Canadian energy
company with a focused strategy on the development of thermal and
light oil assets. Situated in Alberta’s Western Canadian
Sedimentary Basin, the Company has amassed a significant land base
of extensive, high quality resources. Athabasca’s light oil assets
are held in a private subsidiary (Duvernay Energy Corporation) in
which Athabasca owns a 70% equity interest. Athabasca’s common
shares trade on the TSX under the symbol “ATH”. For more
information, visit www.atha.com.
For more information, please contact:
Matthew TaylorChief Financial
Officer1-403-817-9104mtaylor@atha.com |
Robert BroenPresident and CEO1-403-817-9190rbroen@atha.com |
Athabasca Oil (TSX:ATH)
Gráfico Histórico do Ativo
De Set 2024 até Out 2024
Athabasca Oil (TSX:ATH)
Gráfico Histórico do Ativo
De Out 2023 até Out 2024