Vital Energy Shifts Credit Facility to New Lender

Vital Energy (TSE:VUX) has released an update.

Vital Energy Inc. has announced the transfer of its $10 million credit facility from a lender associated with an insider to an independent third party, with the terms of the facility remaining consistent, including a 12% annual interest rate due at maturity on December 4, 2024. The company specializes in light and medium crude oil production in Western Canada and maintains its presence on the TSX Venture Exchange.

For further insights into TSE:VUX stock, check out TipRanks’ Stock Analysis page.