Obsidian Energy Announces $75 million Add-On to our Existing Senior Unsecured Notes
Obsidian Energy priced a $75 million add-on to its existing 8.125% senior unsecured notes due 2030, increasing the total outstanding principal to $250 million. The additional notes were issued at a price of 102.75, resulting in an effective yield of 7.186% and gross proceeds of $77.1 million.
Key figures
- Issue price
- 102.75
- Note coupon
- 8.125%
- Effective yield
- 7.186%
- Gross proceeds cad
- 77100000
- Add on principal cad
- 75000000
- Total notes outstanding cad
- 250000000
AI analysis
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