Obsidian Energy extends syndicated revolver to Oct. 31

Chicago, Sept. 3 – Obsidian Energy Ltd. said it extended its syndicated credit facility to Oct. 31, according to a press release.

The facility has an underlying borrowing base of C$550 million and the amount available to be drawn on the facility is C$450 million, which remains unchanged.

The facility continues to be available on a revolving basis until Oct. 31, subject to further extensions with the end date of the term period set at Nov. 30, 2021.

In connection with the extension, the lenders have the option to complete a borrowing base determination on Oct. 31.

Obsidian Energy is a Calgary, Alta.-based oil and natural gas production company.

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