Obsidian Energy (TSE:OBE) has released an update.
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Obsidian Energy has increased its syndicated credit facility to $300 million, enabling the company to substantially repay its term loan, now reduced to $10 million. The financial maneuver is part of a strategy to strengthen liquidity, expedite debt repayment, and support growth and capital return plans, particularly relating to the company’s Peace River assets.
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