Perpetual Energy (TSE:PMT) has released an update.
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Perpetual Energy Inc. has successfully completed the early redemption of a portion of its 8.75% senior secured third-lien notes, with certain noteholders opting to amend the terms instead of cash redemption. The company has repaid approximately $7.2 million in cash from its own funds, while the remaining $26.2 million in notes, controlled by entities associated with the CEO, will remain under revised terms that offer Perpetual financial flexibility and capital continuity. Perpetual Energy, a diversified oil and gas company based in Calgary, is poised to maintain its strategic operations through this restructuring.
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