TSX:PEYOil and Gas
A Look At Peyto Exploration & Development (TSX:PEY) Valuation After New Senior Secured Notes Refinancing
Why Peyto’s new notes issue matters for shareholders
Peyto Exploration & Development (TSX:PEY) has drawn investor attention after issuing $100 million of 5.03% senior secured notes. The company is using the proceeds to refinance an equal amount of maturing debt and extend its funding profile.
See our latest analysis for Peyto Exploration & Development.
The new notes issue comes as Peyto’s 90 day share price return of 15.15% contrasts with its year to date share price return of a 3.54%...