Trident Resources plans new revolver with stock IPO

By Sara Rosenberg

New York, Nov. 12 - Trident Resources Corp. plans on getting a new revolving credit facility in connection with its initial public offering of common stock, according to an S-1 recently filed with the Securities and Exchange Commission.

Proceeds from the revolver, along with new senior notes, will be used to recapitalize the company, which will include the repayment of existing debt.

Trident is a Calgary, Alberta-based natural gas production company.

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