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| Home : Peyto Announces Closing of Private Placement of Senior Notes and Expansion of Borrowing Base |
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Sep 07
2012 |
Peyto Announces Closing of Private Placement of Senior Notes and Expansion of Borrowing Base |
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CALGARY, ALBERTA--(Marketwire - Sept. 6, 2012) - Peyto Exploration & Development Corp. (TSX:PEY) ("Peyto") announced today that it has issued CDN $50 million of senior secured notes pursuant to a note purchase and private shelf agreement with Prudential Investment Management, Inc. The notes were issued by way of private placement and rank equally with Peyto's obligations under its bank facility. The notes have a coupon rate of 4.88% and mature on September 6, 2022. Interest will be paid semi-annually in arrears. Proceeds from the notes will be used to repay a portion of Peyto's outstanding bank debt. |
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| Source:http://www.marketwire.com/mw/release.do?id=1698508&sourceType=3 |
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