Athabasca Oil Corp.
Description
Closed the issuance of senior secured secondary lien notes with a coupon rate of 9.75% and a five-year term until 2026. Proceeds will be used along with cash on hand will be used to redeem existing $450 million senior secured second lien notes. Goldman Sachs was lead active book-runner. The syndicate included ATB Capital Markets as co-lead joint book-runner and BMO Capital Markets as joint book-runner. Norton Rose Fulbright Canada LLP was legal adviser.