Obsidian Energy plans $100 million five-year notes offering

By Paul A. Harris

Portland, Ore., May 20 – Obsidian Energy Ltd. announced in a Monday press release that it has engaged Pareto Securities to arrange fixed income investor meetings ahead of a potential bond deal.

The Calgary, Alta.-based oil and natural gas production company may follow up with a $100 million offering of five-year senior notes, pending market conditions.

Obsidian Energy would use the proceeds to refinance $48 million of secured notes maturing between 2020 to 2025 and for general corporate purposes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.