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An announcement from Vermilion Energy ( (TSE:VET) ) is now available.
Vermilion Energy Inc. announced the filing of financial information related to its proposed acquisition of Westbrick Energy Ltd. The company has secured lender commitments to increase its term loan facility from $250 million to $450 million, maturing in May 2028. This strategic move is expected to enhance Vermilion’s financial flexibility as it pursues its growth and acquisition strategies, potentially strengthening its market position and providing additional value to stakeholders.
More about Vermilion Energy
Vermilion Energy Inc. is an international energy producer focused on acquiring, exploring, developing, and optimizing producing assets in North America, Europe, and Australia. The company emphasizes free cash flow generation and capital returns to investors, alongside value-adding acquisitions. Vermilion’s operations revolve around light oil and liquids-rich natural gas in North America, and conventional natural gas and oil opportunities in Europe and Australia. With priorities in health, safety, environment, and profitability, Vermilion also invests strategically in the communities where it operates.
YTD Price Performance: -2.34%
Average Trading Volume: 1,163,981
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.51B
Learn more about VET stock on TipRanks’ Stock Analysis page.
