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| Home : Waldron Energy Corporation Announces a Demand Notice From Its Secured Subordinated Lender and Resulting Cross Default of Its Senior Secured Credit Facility |
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Aug 07
2015 |
Waldron Energy Corporation Announces a Demand Notice From Its Secured Subordinated Lender and Resulting Cross Default of Its Senior Secured Credit Facility |
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CALGARY, ALBERTA--(Marketwired - Aug. 6, 2015) - Waldron Energy Corporation (TSX:WDN) ("Waldron" or the "Corporation") announces that is has received a demand notice ("Demand Notice") from its secured subordinated debenture lender ("Debenture Lender"). The Demand Notice requires the full repayment of the $6.0 million subordinated debenture plus accrued interest and fees of $0.3 million by the end of business on August 17, 2015. As a result of the Demand Notice, and in accordance with interlender and subordination agreements, the Demand Notice has resulted in a cross default on the Corporation's $7.8 million senior credit facility with the National Bank of Canada ("NBC"). |
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| Source:http://www.marketwired.com/mw/release.do?id=2045953&sourceType=3 |
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