Athabasca Oil Corp.

Description

Announced private placement offering of 350,000 units. Each  unit will consist of $1,000 principal amount of senior secured second lien notes due 2026 which bear interest at  9.75% per annum, and one five‐year warrant to purchase 227 common shares at an exercise price of $0.9441 per warrant share. Proceeds will be used along with cash on hand to redeem its $450 million aggregate principal amount of 9.875% senior secured second lien notes due 2022.

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Estimated Price
$350.0MM
Financing Type
Report Date