Baytex Energy Corp.

Baytex called for a redemption, effective September 13, 2019, of its US$150 million principal amount of 6.75% senior unsecured notes at par. The redemption of this note will reduce our long-term notes outstanding by 13% and result in annual interest expense savings of approximately $7 million. We continue to maintain strong liquidity with our credit facilities approximately 40% undrawn.