Saturn Oil & Gas (TSE:SOIL) has released an update.
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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.
For further insights into TSE:SOIL stock, check out TipRanks’ Stock Analysis page.