Saturn Oil & Gas (TSE:SOIL) has released an update.
Saturn Oil & Gas Inc. has successfully completed a massive US$650 million private placement of senior secured second lien notes at 9.625%, maturing in 2029. This strategic financial move bolsters the Canadian energy company’s portfolio, which is already known for its high-quality, light oil assets and a commitment to ESG principles. The offering, not registered under multiple jurisdictions including the U.S., emphasizes the company’s focus on generating positive shareholder returns through responsible asset development and accretive acquisitions.
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