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| Home : Pengrowth Announces Plan to Reduce Outstanding Debt by $530MM Through Retirement of $127MM of Convertible Debentures and the Prepayment of US $300MM of the 6.35% Senior Notes Due July 26, 2017 |
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Feb 22
2017 |
Pengrowth Announces Plan to Reduce Outstanding Debt by $530MM Through Retirement of $127MM of Convertible Debentures and the Prepayment of US $300MM of the 6.35% Senior Notes Due July 26, 2017 |
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CALGARY, ALBERTA--(Marketwired - Feb. 21, 2017) - Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) is pleased to announce its plan to reduce its outstanding debt through the use of existing cash on hand. Following the closing of the four percent non-convertible gross overriding royalty on Lindbergh on January 6, 2017, the Company's cash position was approximately $530 million. |
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| Source:http://www.marketwired.com/mw/release.do?id=2197171&sourceType=3 |
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