Baytex Energy Corp. (TSE:BTE) has released an update.
Baytex Energy Corp. has announced the pricing of an upsized private placement offering of senior unsecured notes, now totaling US$575 million, which are due in 2032 and carry a 7.375% interest rate. The company aims to use the proceeds from the sale of these notes, set to close on April 1, 2024, for redeeming existing notes due in 2027, repaying debt, and for other corporate purposes. The offering, which was made in the U.S. under Rule 144A and in Canada on a private placement basis, is subject to customary closing conditions.
For further insights into TSE:BTE stock, check out TipRanks’ Stock Analysis page.
