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| Home : Lonestar Announces New Credit Facilities |
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Dec 31
2016 |
Lonestar Announces New Credit Facilities |
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SYLVAN LAKE, ALBERTA--(Marketwired - Dec. 30, 2016) - Lonestar West Inc. (TSX VENTURE:LSI) (the "Company" and/or "Lonestar") is pleased to announce that it has entered into a new bank credit agreement with its lead working capital lender. "We are pleased that we were able to successfully complete this new agreement to ensure the continued capital needs of Lonestar." commented James Horvath, President of Lonestar. In addition, Lonestar closed a term debt financing replacing existing debt with debt which will amortize over a longer period of time, thereby reducing the overall debt repayment in 2017 and 2018. Details on the working capital and debt financings will be released with the year-end audited statements. |
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| Source:http://www.marketwired.com/mw/release.do?id=2185786&sourceType=3 |
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