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.
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Rhea-AI Summary
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.
Positive
- None.
Negative
- 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
Details
News Market Reaction – OBE
The recorded move for OBE in the trading session of this news was +5.21%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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