Advantage Energy Expands with $450M Asset Acquisition

Advantage Energy (TSE:AAV) has released an update.

Advantage Energy Ltd. has announced a strategic purchase of Charlie Lake and Montney assets for $450 million, with the deal expected to close by the end of June 2024. The acquisition will be financed through a mix of equity, convertible debentures, and an expanded credit facility. This move is set to enhance core financial metrics and allow for greater free cash flow, benefiting from synergies and infrastructure optimization.

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