Obsidian Energy Provides Update on Offer to Purchase $3.0 Million of our Outstanding Senior Unsecured Notes
Obsidian Energy (TSX: OBE, NYSE American: OBE) announced that its offer to purchase up to $3.0 million of its outstanding 11.95% Senior Unsecured Notes due July 27, 2027, has received no valid tenders before the March 11, 2025 deadline. The offer, which was announced on February 26, 2025, has now expired.
The company currently maintains $114.2 million in aggregate principal amount of Notes outstanding. The tender offer was administered by Computershare Investor Services Inc. as the tender agent.
Obsidian Energy (TSX: OBE, NYSE American: OBE) ha annunciato che la sua offerta per l'acquisto di fino a 3,0 milioni di dollari dei suoi 11,95% Senior Unsecured Notes in circolazione, in scadenza il 27 luglio 2027, non ha ricevuto alcuna offerta valida entro la scadenza del 11 marzo 2025. L'offerta, annunciata il 26 febbraio 2025, è ora scaduta.
L'azienda attualmente mantiene 114,2 milioni di dollari in totale di capitale di Notes in circolazione. L'offerta di acquisto è stata gestita da Computershare Investor Services Inc. in qualità di agente di offerta.
Obsidian Energy (TSX: OBE, NYSE American: OBE) anunció que su oferta para comprar hasta 3,0 millones de dólares de sus Notas Senior No Garantizadas del 11,95% con vencimiento el 27 de julio de 2027, no recibió ninguna oferta válida antes de la fecha límite del 11 de marzo de 2025. La oferta, que fue anunciada el 26 de febrero de 2025, ha expirado.
La compañía actualmente mantiene 114,2 millones de dólares en monto principal agregado de Notas en circulación. La oferta fue administrada por Computershare Investor Services Inc. como agente de la oferta.
Obsidian Energy (TSX: OBE, NYSE American: OBE)는 2027년 7월 27일 만기인 11.95% 선순위 무담보 채권의 최대 300만 달러를 구매하겠다는 제안이 2025년 3월 11일 마감일까지 유효한 입찰을 받지 못했다고 발표했습니다. 2025년 2월 26일에 발표된 이 제안은 이제 만료되었습니다.
현재 회사는 1억 1420만 달러의 총 원금이 남아 있는 채권을 보유하고 있습니다. 입찰 제안은 Computershare Investor Services Inc.가 입찰 대행사로서 관리했습니다.
Obsidian Energy (TSX: OBE, NYSE American: OBE) a annoncé que son offre d'achat de jusqu'à 3,0 millions de dollars de ses Obligations Senior Non Garanties à 11,95% arrivant à échéance le 27 juillet 2027 n'a reçu aucune soumission valide avant la date limite du 11 mars 2025. L'offre, annoncée le 26 février 2025, a maintenant expiré.
L'entreprise maintient actuellement 114,2 millions de dollars en montant principal total d'Obligations en circulation. L'offre a été administrée par Computershare Investor Services Inc. en tant qu'agent de soumission.
Obsidian Energy (TSX: OBE, NYSE American: OBE) gab bekannt, dass ihr Angebot zum Kauf von bis zu 3,0 Millionen Dollar ihrer ausstehenden 11,95% Senior Unsecured Notes, die am 27. Juli 2027 fällig sind, vor der Frist am 11. März 2025 keine gültigen Angebote erhalten hat. Das Angebot, das am 26. Februar 2025 angekündigt wurde, ist nun abgelaufen.
Das Unternehmen hält derzeit 114,2 Millionen Dollar an ausstehenden Notes im Gesamtnennbetrag. Das Tender-Angebot wurde von Computershare Investor Services Inc. als Tender-Agent verwaltet.
- None.
- Failed tender offer with zero participation indicates potential lack of interest from noteholders
- High 11.95% interest rate on $114.2M outstanding notes represents significant debt servicing cost
Calgary, Alberta--(Newsfile Corp. - March 14, 2025) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today provides an update on the previously announced offer (the "Offer") to purchase for cash, up to an aggregate amount of
There were no Notes validly tendered prior to the deadline at 5:00 p.m., EDT, on March 11, 2025. The Company currently has
Computershare Investor Services Inc. served as the tender agent for the Offer.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
All figures are in Canadian dollars unless otherwise stated.
CORPORATE INFORMATION
Obsidian Energy shares are listed on both the Toronto Stock Exchange in Canada and the NYSE American exchange in the United States under the symbol "OBE".
CONTACT
OBSIDIAN ENERGY
Suite 200, 207 - 9th Avenue SW, Calgary, Alberta T2P 1K3
Phone: 403-777-2500
Toll Free: 1-866-693-2707
Website: www.obsidianenergy.com
Investor Relations:
Toll Free: 1-888-770-2633
Email: investor.relations@obsidianenergy.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/244456
FAQ
What was the outcome of Obsidian Energy's (OBE) March 2025 tender offer for its senior notes?
How much of OBE's senior unsecured notes remain outstanding after the March 2025 tender offer?
What was the interest rate and maturity date of the OBE notes involved in the tender offer?
What was the maximum amount OBE offered to purchase in their March 2025 tender offer?
