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Athabasca Oil repays C$32 million of term debt ahead of schedule
By Wendy Van Sickle
Columbus, Ohio, Feb. 2 – Athabasca Oil Corp. repaid C$32 million of term debt ahead of its first scheduled repayment in May, according to a news release.
The company said it also committed to use up to 100% of its near-term free cash flow to reduce debt.
Athabasca is a Calgary, Alta.-based energy company focused on the development of thermal and light oil assets.
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