Obsidian Energy Ltd (TSE:OBE) has released an update.
Obsidian Energy Ltd. has initiated a cash purchase offer targeting up to $2.0 million of its 11.95% Senior Unsecured Notes due in 2027, offering $1,030 for each $1,000 principal amount, plus accrued interest. The offer, not contingent on a minimum tender amount, will run until March 11, 2024, with the possibility of extension or termination at the company’s discretion. This strategic financial move is open for participation with the possibility of prorated acceptance if demand exceeds the maximum consideration.
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