Paramount Resources Ltd. will redeem about $286.58 million of outstanding 7.625% senior unsecured notes due 2019 on Dec. 19 of this year, the company said Nov. 17.
The redemption price will be 102.542% of the principal amount of the redeemed notes. Paramount Resources will pay the aggregate redemption price plus accrued and unpaid interest on the notes t with cash on hand.
Canada-based Paramount Resources Ltd. delivered the redemption notice on Nov. 17.
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