Strathcona Resources upsizes credit facility to C$1.5 billion

By Mary-Katherine Stinson

Lexington, Ky., March 14 – Strathcona Resources Ltd. increased its covenant-based credit facility to C$1.5 billion, according to a press release.

This is an increase of 67%.

The credit facility matures Feb. 27, 2026 and has an anticipated draw of $870 million as of March 31.

The company has just completed its amalgamation with Caltex Resources Ltd. and Stickney Resources Ltd.

Calgary-based private oil-weighted company Strathcona Resources is focused on exploration, development and production of oil and gas resources in Western Canada.

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