Surge Energy to call C$44.5 million 5.75% convertibles due 2022

By Wendy Van Sickle

Columbus, Ohio, May 5 – Surge Energy Inc. said it plans to redeem its C$44.5 million of 5.75% convertible debentures for cash prior to their maturity on Dec. 31, 2022.

The redemption will be funded in part using proceeds of a C$30 million expansion of the company’s term loan, according to a news release.

Surge Energy is a Calgary, Alta.-based oil and gas production company.

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