TSX:ATHOil and Gas
Assessing Athabasca Oil’s Valuation After New CA$500 Million Credit Facility Boosts Liquidity
New credit facilities reshape Athabasca Oil’s funding options
Athabasca Oil (TSX:ATH) has closed a new CA$500 million covenant-based credit facility, alongside an upsized CA$75 million reserve-based facility for Duvernay Energy, taking pro forma consolidated liquidity to about CA$870 million.
The four-year facility, which is extendable annually to May 2030, is structured to provide lower-cost funding and support Athabasca’s fully funded Thermal Oil growth plan and the expanded Duvernay Energy...