Saturn Oil & Gas Inc. Announces Extension of Credit Facility
Saturn Oil & Gas (OTCQX:OILSF) has announced the renewal of its $150 million syndicated credit facility following a semiannual review. The facility includes an uncommitted accordion feature allowing for a $100 million expansion, potentially increasing the total to $250 million.
The Credit Facility, which remains fully undrawn, consists of a $100 million reserve-based credit facility and a $50 million operating facility. Saturn maintains a strong financial position with approximately $80 million in cash as of Q1 2025. The facility is led by National Bank of Canada and includes ATB Financial and Goldman Sachs Bank USA.
Saturn Oil & Gas (OTCQX:OILSF) ha annunciato il rinnovo della sua linea di credito sindacata da 150 milioni di dollari a seguito di una revisione semestrale. La linea prevede una clausola accordion non vincolante che consente un incremento di 100 milioni di dollari, portando il totale potenziale a 250 milioni di dollari.
La linea di credito, che rimane completamente non utilizzata, è composta da una linea di credito basata sulle riserve da 100 milioni di dollari e da una linea operativa da 50 milioni di dollari. Saturn mantiene una solida posizione finanziaria con circa 80 milioni di dollari in liquidità al primo trimestre del 2025. La linea è guidata dalla National Bank of Canada e include ATB Financial e Goldman Sachs Bank USA.
Saturn Oil & Gas (OTCQX:OILSF) ha anunciado la renovación de su facilidad de crédito sindicada de 150 millones de dólares tras una revisión semestral. La facilidad incluye una característica accordion no comprometida que permite una expansión de 100 millones de dólares, aumentando potencialmente el total a 250 millones de dólares.
La facilidad de crédito, que permanece completamente sin utilizar, consiste en una facilidad de crédito basada en reservas de 100 millones de dólares y una facilidad operativa de 50 millones de dólares. Saturn mantiene una sólida posición financiera con aproximadamente 80 millones de dólares en efectivo al primer trimestre de 2025. La facilidad está liderada por National Bank of Canada e incluye a ATB Financial y Goldman Sachs Bank USA.
Saturn Oil & Gas (OTCQX:OILSF)는 반기 검토 후 1억 5천만 달러 규모의 신디케이트 신용 시설 갱신을 발표했습니다. 이 시설에는 1억 달러 확장이 가능한 비확정 아코디언 기능이 포함되어 총액이 최대 2억 5천만 달러로 증가할 수 있습니다.
이 신용 시설은 전액 미사용 상태이며, 1억 달러 규모의 준비금 기반 신용 시설과 5천만 달러 운영 시설로 구성되어 있습니다. Saturn은 2025년 1분기 기준 약 8천만 달러 현금을 보유하며 견고한 재무 상태를 유지하고 있습니다. 이 시설은 National Bank of Canada가 주도하며 ATB Financial과 Goldman Sachs Bank USA가 포함되어 있습니다.
Saturn Oil & Gas (OTCQX:OILSF) a annoncé le renouvellement de sa ligne de crédit syndiquée de 150 millions de dollars suite à une revue semestrielle. La facilité comprend une option accordion non engagée permettant une extension de 100 millions de dollars, ce qui pourrait porter le total à 250 millions de dollars.
La ligne de crédit, qui reste totalement non utilisée, se compose d'une facilité de crédit basée sur les réserves de 100 millions de dollars et d'une facilité opérationnelle de 50 millions de dollars. Saturn maintient une solide position financière avec environ 80 millions de dollars en liquidités au premier trimestre 2025. La facilité est dirigée par la National Bank of Canada et inclut ATB Financial ainsi que Goldman Sachs Bank USA.
Saturn Oil & Gas (OTCQX:OILSF) hat die Verlängerung seiner 150-Millionen-Dollar-Syndizierten Kreditfazilität nach einer halbjährlichen Überprüfung bekannt gegeben. Die Fazilität beinhaltet eine unverbindliche Accordion-Option, die eine Erweiterung um 100 Millionen Dollar ermöglicht und das Gesamtvolumen auf 250 Millionen Dollar erhöhen könnte.
Die Kreditfazilität, die vollständig ungenutzt bleibt, besteht aus einer 100-Millionen-Dollar-Reserve-basierten Kreditfazilität und einer 50-Millionen-Dollar-Betriebsfazilität. Saturn verfügt über eine starke finanzielle Position mit etwa 80 Millionen Dollar in bar zum ersten Quartal 2025. Die Fazilität wird von der National Bank of Canada geleitet und umfasst ATB Financial sowie Goldman Sachs Bank USA.
- Credit facility renewed at $150 million with potential expansion to $250 million
- Company maintains strong liquidity with $80 million cash position
- Credit facility remains fully undrawn, providing financial flexibility
- No fees on $100 million accordion feature until drawn
- None.
Calgary, Alberta--(Newsfile Corp. - July 2, 2025) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) ("Saturn" or the "Company"), a light oil-weighted producer focused on unlocking value through the development of our assets in Saskatchewan and Alberta, is pleased to announce the renewal of the Company's existing
"This renewed and enhanced Credit Facility supports Saturn's disciplined approach to managing our balance sheet, providing ample liquidity for the ongoing development of our light-oil weighted assets," said John Jeffrey, CEO of Saturn. "With approximately
The terms of the amended Credit Facility reflect the Company's healthy financial position, provide Saturn with ample financial flexibility to execute on our strategic blueprint, and support the continued development and optimization of our low-decline, profitable and light oil weighted asset base. National Bank of Canada led the Credit Facility, which includes ATB Financial and Goldman Sachs Bank USA and is comprised of a
ABOUT SATURN
Saturn is a returns-driven Canadian energy company focused on the efficient and innovative development of high-quality, light oil weighted assets, supported by an acquisition strategy targeting accretive and complementary opportunities. The Company's portfolio of free-cash flowing, low-decline operated assets in Saskatchewan and Alberta provide a deep inventory of long-term economic drilling opportunities across multiple zones. With an unwavering commitment to building an entrepreneurial and ESG-focused culture, Saturn's goal is to increase per share reserves, production and cash flow at an attractive return on invested capital. The Company's shares are listed for trading on the TSX under ticker 'SOIL' and on the OTCQX under the ticker 'OILSF'. Further information and our corporate presentation are available on Saturn's website at www.saturnoil.com.
INVESTOR & MEDIA CONTACTS
John Jeffrey, MBA – Chief Executive Officer
Tel: +1 (587) 392-7900
www.saturnoil.com
Cindy Gray, MBA – VP Investor Relations
Tel: +1 (587) 392-7900
info@saturnoil.com
READER ADVISORIES
Forward-Looking Information and Statements
Certain information included in this press release constitutes forward-looking information under applicable securities legislation. Forward-looking information typically contains statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "project", "scheduled", "will" or similar words suggesting future outcomes or statements regarding an outlook. Forward-looking information in this press release may include, but is not limited to: the sufficiency of liquidity for the execution of the business plan and the Company's near and medium term strategic plans.
The forward-looking statements contained in this press release are based on certain key expectations and assumptions made by Saturn, including expectations and assumptions concerning the business plan.
Although Saturn believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Saturn can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual plans and results could differ materially from those currently anticipated due to a number of factors and risks, including the risks set out under "Risk Factors" in Saturn's Management Discussion and Analysis for the three and twelve months ended December 31, 2024, and Annual Information Form for the year ended December 31, 2024, available on SEDAR+ at www.sedarplus.ca.
Forward-looking information is based on a number of factors and assumptions which have been used to develop such information, but which may prove to be incorrect. Although Saturn believes that the expectations reflected in its forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because Saturn can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified in this press release, assumptions have been made regarding and are implicit in, among other things, our capital expenditure and drilling programs and future production and growth plans. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which have been used.
The forward-looking information contained in this press release is made as of the date hereof and Saturn undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forward-looking information contained in this press release is expressly qualified by this cautionary statement.
All dollar figures included herein are presented in Canadian dollars, unless otherwise noted.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257596
FAQ
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