TSX:ARXOil and Gas
ARC Resources Weighs Debt Refinance Against Attachie Pause And Valuation Gap
ARC Resources (TSX:ARX) issues C$950 million in senior unsecured notes to refinance existing debt and a term loan.
The company plans to redeem outstanding notes and repay its term facility as part of this refinancing.
Management is pausing spending on the Attachie project to assess early well results and review next steps.
ARC Resources, a major Canadian natural gas and liquids producer, is at the center of ongoing energy sector capital allocation debates. The refinancing move and Attachie...