Surge Energy Inc.

Description

Closed a $130 million five-year term debt facility with an annual coupon of 8.85% and a new normal course $150 million first lien credit facility with a revised syndicate of five lenders. Concurrent with the closing of the term debt facility and first lien credit facility, the company has repaid its $42 million, non-revolving BDC term loan.

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Companies
Estimated Price
CA$280.0MM
Financing Type
Report Date