Impact: Negative. The Company's bank line has been reduced from $500 mm to $350 mm, with a scheduled step-down to $300 mm by the end of October 2016. Our current estimates show the Company exiting 2Q16e with a bank debt plus working capital balance of $308 mm and growing to over $380 mm by the end of the year
13 Jun 2016
PARAMOUNT'S BANK LINE REDUCED
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PARAMOUNT'S BANK LINE REDUCED
Paramount Resources Ltd. Class A (POU:TSE) | 0 0 -0.2% | Mkt Cap: 2,314m
- Published:
13 Jun 2016 -
Author:
Cody R. Kwong -
Pages:
2
Impact: Negative. The Company's bank line has been reduced from $500 mm to $350 mm, with a scheduled step-down to $300 mm by the end of October 2016. Our current estimates show the Company exiting 2Q16e with a bank debt plus working capital balance of $308 mm and growing to over $380 mm by the end of the year