On March 25, Pengrowth Energy secured an extension of its $330 million
revolving credit facility. Originally expiring March 31, the facilities’ maturity is now
Sept. 30. Of the broad syndicate of domestic and international banks, 100%
approved an initial extension
to July 29 and two subsequent
extensions to Aug. 29 and to Sept. 30,
respectively, each of which will automatically become effective unless lenders with
at least two-thirds of the total commitments under the facility provide notice to the
company that said......
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