Athabasca Oil Corporation Announces Notice of Conditional Redemption for its US$157 Million Senior Notes Due 2026

CALGARY, Alberta, July 29, 2024 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation announced today that it has issued a notice of conditional redemption for the outstanding US$157 million principal amount of its 9.75% Senior Secured Second Lien Notes due 2026 (the “Redemption Notes”), which redemption will be paid using net proceeds of its issuance of 6.75% Senior Unsecured Notes due 2029 announced today and cash from its balance sheet. As set forth in the notice of redemption issued today in respect of the Redemption Notes, the redemption date is August 9, 2024, and the redemption price for the Redemption Notes is par plus the applicable premium and accrued and unpaid interest.

Read more at globenewswire.com