CALGARY, AB, Nov. 25, 2022 /CNW/ - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") is pleased to announce the completion of the restructuring of the Company's debt capitalization through the closing of two new credit facilities (the "New Credit Facilities"). The New Credit Facilities are comprised of (i) a $110 million first lien secured credit facility (the "First Lien Facility"); and (ii) a $95 million second lien secured term debt facility (the "Term Debt Facility"). Simultaneously with the closing of the New Credit Facilities, the Company has fully repaid its $47 million Business Development Bank of Canada ("BDC") Term Facility.
Read more at newswire.caBonterra Announces New $110 million First Lien Credit Facility; $95 million Term Debt Financing; Repayment of $47 million BDC Term Facility; and Provides Strategic Outlook
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