Perpetual Energy Inc. Announces Arrangement Involving its Senior Unsecured Notes
Share this article CALGARY, AB, Dec. 15, 2020 /CNW/ - (TSX: PMT) – Perpetual Energy Inc. ("Perpetual" or the "Company") announced today that, in furtherance of its strategic priority of improving the Company's balance sheet and liquidity, it proposes to exchange its outstanding 8.75% senior unsecured notes due January 23, 2022 (the "Notes") for new 8.75% secured third-lien notes due January 23, 2025 (the "New Notes") pursuant to a Court-approved plan of arrangement (the "Note Exchange Arrangement"). The New Notes will be issued under a new trust indenture that will contain substantially ...
Source: newswire.ca