Obsidian Energy ( (TSE:OBE) ) has shared an announcement.
Obsidian Energy has launched an offer to purchase up to $3.0 million of its outstanding 11.95% Senior Unsecured Notes due in 2027. This move is part of the company’s financial strategy to manage its debt, with the offer set to expire on March 11, 2025. The offer allows noteholders to tender their notes for cash, with the company paying $1,030 per $1,000 principal amount, plus accrued interest. The initiative reflects Obsidian’s efforts to optimize its financial structure, potentially impacting its liquidity and market positioning.
More about Obsidian Energy
Obsidian Energy Ltd. operates in the energy sector, focusing on the exploration and production of oil and natural gas. The company is based in Calgary and is listed on the TSX and NYSE American exchanges.
YTD Price Performance: -12.88%
Average Trading Volume: 439,390
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $393.7M
See more data about OBE stock on TipRanks’ Stock Analysis page.