Athabasca Oil (TSE:ATH) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Athabasca Oil Corporation has successfully closed a private placement offering of C$200 million in senior unsecured notes, which will be used to improve their balance sheet by redeeming higher-interest debt. The strategic move, powered by strong business fundamentals, is expected to reduce annual debt servicing costs by approximately C$6 million and enhance the company’s financial flexibility.
For further insights into TSE:ATH stock, check out TipRanks’ Stock Analysis page.