Obsidian Energy launches C$2 million tender offer for notes due 2027

By Mary-Katherine Stinson

Lexington, Ky., Feb. 26 – Obsidian Energy Ltd. launched a C$2 million tender offer for its 11.95% senior notes due 2027 (Cusips: CA674482AA25, CA674482AB08, CA674482AC80), according to a press release.

There is C$116.2 million of the notes outstanding.

Obsidian is offering C$1,030 per C$1,000 note, plus accrued interest up to the settlement date.

There are guaranteed delivery procedures for the offer.

The offer expires at 5 p.m. ET on March 11, which is also the withdrawal deadline.

Settlement is expected on March 14.

Tenders may be prorated.

Computershare Investor Services Inc. is the tender agent (800 564-6253, corporateactions@computershare.com).

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

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