Ranger Oil terminates all obligations under 2016 credit facility

By Devika Patel

Knoxville, Tenn., June 21 – Ranger Oil Corp. terminated all outstanding commitments under a September 2016 credit facility with Wells Fargo Bank, NA, on June 20 in connection with its merger with Baytex Energy Corp., according to an 8-K filed with the Securities and Exchange Commission.

All borrowings were paid off in full and all liens securing the obligations were released.

Baytex is a Calgary, Alta.-based energy company.

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