Market Impact: Positive. ATH has sold a GORR on its oilsands assets, which does not kick in until ~US$75/bbl WTI, for $129 mm (~$0.31/share dil.), and repaid its US$221 mm first lien term loan.
20 Jun 2016
SELLING GORR ON OILSANDS ASSETS FOR $129 MM AND REPAYING US$221 MM FIRST LIEN NOTES
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SELLING GORR ON OILSANDS ASSETS FOR $129 MM AND REPAYING US$221 MM FIRST LIEN NOTES
Athabasca Oil Corporation (ATH:TSE) | 0 0 -2.8% | Mkt Cap: 535.3m
- Published:
20 Jun 2016 -
Author:
Michael P. Dunn -
Pages:
3
Market Impact: Positive. ATH has sold a GORR on its oilsands assets, which does not kick in until ~US$75/bbl WTI, for $129 mm (~$0.31/share dil.), and repaid its US$221 mm first lien term loan.