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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