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Baytex Announces Extension to Bank Credit Facilities

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Baytex Energy (NYSE: BTE) has successfully extended its US$1.1 billion revolving credit facilities by one year, from May 2028 to June 2029. The facilities are not borrowing base facilities and do not require annual or semi-annual reviews.

Baytex Energy is a Calgary-based energy company with operations in the Western Canadian Sedimentary Basin and Eagle Ford in the United States, focusing on crude oil and natural gas acquisition, development, and production.

Baytex Energy (NYSE: BTE) ha prorogato con successo le sue linee di credito revolving da 1,1 miliardi di dollari USA di un anno, estendendole da maggio 2028 a giugno 2029. Queste linee di credito non sono basate su un borrowing base e non richiedono revisioni annuali o semestrali.

Baytex Energy è una società energetica con sede a Calgary, che opera nel Bacino Sedimentario Occidentale del Canada e nell'Eagle Ford negli Stati Uniti, concentrandosi sull'acquisizione, sviluppo e produzione di petrolio greggio e gas naturale.

Baytex Energy (NYSE: BTE) ha extendido con éxito sus facilidades de crédito revolventes por 1.100 millones de dólares por un año más, desde mayo de 2028 hasta junio de 2029. Estas facilidades no son basadas en borrowing base y no requieren revisiones anuales o semestrales.

Baytex Energy es una empresa energética con sede en Calgary, que opera en la Cuenca Sedimentaria Occidental de Canadá y en Eagle Ford, Estados Unidos, enfocándose en la adquisición, desarrollo y producción de petróleo crudo y gas natural.

Baytex Energy (NYSE: BTE)는 11억 달러 규모의 회전 신용 한도를 2028년 5월에서 2029년 6월까지 1년 연장하는 데 성공했습니다. 이 신용 한도는 차입 한도 기반이 아니며 연간 또는 반기 검토가 필요하지 않습니다.

Baytex Energy는 캐나다 캘거리 소재 에너지 회사로, 서부 캐나다 퇴적분지와 미국 이글 포드 지역에서 원유 및 천연가스의 인수, 개발, 생산에 주력하고 있습니다.

Baytex Energy (NYSE: BTE) a réussi à prolonger ses facilités de crédit renouvelables de 1,1 milliard de dollars US d'un an, de mai 2028 à juin 2029. Ces facilités ne sont pas basées sur une borrowing base et ne nécessitent pas de révisions annuelles ou semestrielles.

Baytex Energy est une société énergétique basée à Calgary, opérant dans le Bassin sédimentaire occidental canadien et à Eagle Ford aux États-Unis, spécialisée dans l'acquisition, le développement et la production de pétrole brut et de gaz naturel.

Baytex Energy (NYSE: BTE) hat seine 1,1 Milliarden US-Dollar umfassenden revolvierenden Kreditfazilitäten erfolgreich um ein Jahr verlängert, von Mai 2028 bis Juni 2029. Die Fazilitäten sind nicht auf einer Borrowing Base aufgebaut und erfordern keine jährlichen oder halbjährlichen Überprüfungen.

Baytex Energy ist ein in Calgary ansässiges Energieunternehmen mit Aktivitäten im Western Canadian Sedimentary Basin und Eagle Ford in den USA, das sich auf die Akquisition, Entwicklung und Produktion von Rohöl und Erdgas konzentriert.

Positive
  • Extended US$1.1 billion credit facilities by one year to June 2029
  • Strong support received from lending syndicate
  • Credit facilities do not require annual or semi-annual reviews
Negative
  • None.

Calgary, Alberta--(Newsfile Corp. - June 27, 2025) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE)  ("Baytex" or the "company") is pleased to announce that it has received strong support from its lending syndicate to extend its bank credit facilities.

The US$1.1 billion revolving credit facilities have been extended by one year, from May 2028 to June 2029. The revolving credit facilities are not borrowing base facilities and do not require annual or semi-annual reviews.

Baytex Energy Corp

Baytex Energy Corp. is an energy company based in Calgary, Alberta and offices in Houston, Texas. The company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Baytex's common shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE.

For further information about Baytex, please visit our website at www.baytexenergy.com or contact:

Brian Ector, Senior Vice President, Capital Markets and Investor Relations

Toll Free Number: 1-800-524-5521
Email: investor@baytexenergy.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257099

FAQ

What is the new maturity date for Baytex Energy's (BTE) credit facilities?

Baytex Energy's US$1.1 billion revolving credit facilities have been extended to June 2029, a one-year extension from the previous May 2028 maturity date.

How much are Baytex Energy's (BTE) revolving credit facilities worth?

Baytex Energy's revolving credit facilities are worth US$1.1 billion.

Does Baytex Energy (BTE) require annual reviews for its credit facilities?

No, Baytex Energy's revolving credit facilities are not borrowing base facilities and do not require annual or semi-annual reviews.

What are Baytex Energy's (BTE) main areas of operation?

Baytex Energy operates in the Western Canadian Sedimentary Basin and the Eagle Ford in the United States, focusing on crude oil and natural gas acquisition, development, and production.
Baytex Energy

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