Impact: Positive. Peyto's expanded credit limit of up to $1.3 mm will help the Company exploit any potential development opportunities that present themselves within this low in the commodity cycle. Peyto has announced that it has renewed and extended its existing $1.0 billion revolving credit facility to December 4, 2019. Further, at Peyto's request, the syndicate members have agreed to a pre-approved accordion feature that will allow the Company (at its request) to increase its facility to $1. ....
16 Dec 2015
PEYTO EXPLORATION & DEVELOPMENT CORP. (PEY) CONFIRMS RENEWAL AND EXTENSION OF ITS CREDIT FACILITY
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PEYTO EXPLORATION & DEVELOPMENT CORP. (PEY) CONFIRMS RENEWAL AND EXTENSION OF ITS CREDIT FACILITY
Peyto Exploration & Development Corp. (0VCO:LON) | 0 0 (-0.5%) | Mkt Cap: 1,705m
- Published:
16 Dec 2015 -
Author:
Robert Fitzmartyn -
Pages:
2
Impact: Positive. Peyto's expanded credit limit of up to $1.3 mm will help the Company exploit any potential development opportunities that present themselves within this low in the commodity cycle. Peyto has announced that it has renewed and extended its existing $1.0 billion revolving credit facility to December 4, 2019. Further, at Peyto's request, the syndicate members have agreed to a pre-approved accordion feature that will allow the Company (at its request) to increase its facility to $1. ....