Harvest Operations amends credit facility, pushing out maturity

By Sara Rosenberg

New York, July 31 - Harvest Operations Corp. amended its C$800 million credit facility on Tuesday, extending the maturity to April 30, 2016, according to an 6-K filed with the Securities and Exchange Commission.

Also, the amendment set the maximum amount of distributions since April 29, 2011 at C$150 million.

CIBC is the agent on the deal.

Harvest Operations is a Calgary, Alta.-based wholly owned subsidiary of Korea National Oil Corp. that operates in Canada's energy industry.

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