Surge Energy to call 6.75% convertibles due 2024

By Wendy Van Sickle

Columbus, Ohio, Sept. 28 – Surge Energy Inc. said it plans to redeem its 6.75% convertible debentures for cash prior to their maturity on June 30, 2024.

The redemption will be funded in part using proceeds of a bought-deal offering of C$42 million 8.5% convertible debentures due Dec. 31, 2028, according to a news release.

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

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