Osum Production launches $191 million amended and extended term loan

By Sara Rosenberg

New York, June 13 – Osum Production Corp. held a lender call at 11 a.m. ET on Thursday to launch a $191 million senior secured first-lien term loan due July 31, 2022, according to a market source.

Barclays is the lead on the deal.

Proceeds will be used to amend and extend an existing first-lien term loan due July 31, 2020.

With this transaction, the company will repay $10 million of the existing $201 million term loan, bringing the total size down to $191 million.

Osum is a wholly owned subsidiary of Osum Oil Sands Corp., a Calgary, Alta.-based oil sands company.

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