Market Impact: Neutral. If successful, Encana would effectively be exchanging higher cost long term notes for lower cost debt borrowed from credit facilities, likely saving it ~$10-$12 mm/year in interest costs.
16 Mar 2016
LAUNCHES US$250 MM TENDER OFFER FOR SENIOR NOTES
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LAUNCHES US$250 MM TENDER OFFER FOR SENIOR NOTES
Encana (ECA:TSE) | 0 0 (-1.2%) | Mkt Cap: 13,467m
- Published:
16 Mar 2016 -
Author:
Michael P. Dunn -
Pages:
2
Market Impact: Neutral. If successful, Encana would effectively be exchanging higher cost long term notes for lower cost debt borrowed from credit facilities, likely saving it ~$10-$12 mm/year in interest costs.