CALGARY, Alberta, July 30, 2020 (GLOBE NEWSWIRE) -- Painted Pony Energy Ltd. ("Painted Pony" or the "Corporation") (TSX: PONY) today confirms the execution of an agreement with the Corporation’s syndicate of lenders to extend Painted Pony’s annual borrowing base redetermination date from July 31, 2020 to August 31, 2020. The extension agreement confirms Painted Pony’s existing syndicated credit facility at $325 million. Painted Pony also has a $22 million unsecured letter of credit facility backstopped by EDC, bringing the Corporation's present total credit capacity to $347 million. As at March 31, 2020, Painted Pony’s syndicated credit facility was drawn approximately $121 million.
Painted Pony Announces Extension of Bank Line Review Date
Jul 30, 2020
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