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| Home : Peyto Exploration & Development Corp. Announces Closing of Private Placement of Senior Notes |
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Jan 04
2012 |
Peyto Exploration & Development Corp. Announces Closing of Private Placement of Senior Notes |
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CALGARY, ALBERTA--(Marketwire - Jan. 3, 2012) - Peyto Exploration & Development Corp. (TSX:PEY) ("Peyto") announced today that it has issued CDN $100 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 4.39% and mature on January 3, 2019. 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=1602930&sourceType=3 |
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