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AIMCo in the past year has participated in refinancing efforts at Calfrac Well Services Ltd. and Western Energy Services Corp. as those companies opted to delay bond payments and restructure in the face of sharp sector downturns.
But on the same day that AIMCo released its annual report, Calgary-based junior Razor Energy Corp. announced it was deferring a regularly scheduled interest payment on a $50-million term loan to AIMCo. Dale MacMaster, centre, chief investment officer of AIMCo, in 2016. Photo by Ian Kucerak/Postmedia files
“The company is grateful to be partners with AIMCo and the continued support as both a major shareholder and senior lender,” Razor said in a press release.
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