Peyto Exploration & Dev (TSE:PEY) has released an update.
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Peyto Exploration & Development Corp. has successfully renegotiated its credit agreements, extending the maturity dates of its $1 billion Revolving Facility and Term Facility to October 2027 and 2026, respectively. This strategic financial maneuver removes a prior lump-sum payment requirement, bolstering Peyto’s liquidity and enabling the execution of its business plan for the upcoming years.
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