Crew Energy calls all 6½% notes due 2024 for early redemption at par

By Marisa Wong

Los Angeles, March 23 – Crew Energy Inc. issued a notice of early redemption for the remaining C$172 million of its 6½% senior notes due March 2024, according to a press release.

The notes will be redeemed in full on April 28 at par of C$1,000, plus accrued interest up to but excluding the redemption date.

The company will fund the redemption with available cash on hand and borrowings under its existing credit facility.

Crew is a natural gas producer based in Calgary, Alta.

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