Vermilion Energy plans to reduce credit facility to $1.6 billion

Chicago, April 19 – Vermilion Energy Inc. is planning to reduce the size of its credit facility to $1.6 billion from $2.1 billion, according to a press release.

The reduction is contingent upon the settlement of a new offering of $400 million of senior notes which priced on Tuesday.

The company is using the proceeds from those notes to reduce the amount outstanding under the credit facility.

Vermilion Energy is a Calgary, Alta.-based oil and gas producer.

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