Athabasca Oil Corp. - 2016-06-20

Reduced its outstanding corporate debt by about C$250 million through the repayment of its US$221 million first-lien term loan and the concurrent unwind of its U.S. dollar foreign exchange hedge. Credit facilities amended: Revolving credit facility reduced to C$45 million; and C$110 million cash collateralized letter of credit facility created. Company could save C$24 million annually.