Stocks in play: Bonterra Energy Corp.
Has finalized the credit facility redetermination with its syndicate of lenders, and provides an operational update. Bonterra and its syndicate of lenders have agreed to amend the Facility as follows: Reflecting the Company's ongoing strategy of focusing on the repayment of outstanding bank debt, Bonterra has agreed with its lenders to a borrowing base under the Facility of $265 million, consisting of a $200-million revolving credit facility and a $65-million non-revolving term loan. This represents a significant reduction in the non-revolving term loan, from $150 million to $65 million, leading to improved financial flexibility. Bonterra Energy Corp. shares T.BNE are trading down $0.02 at $5.49.
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