Baytex Energy Corp. (TSE:BTE) has released an update.
Baytex Energy Corp. has successfully closed a US$575 million private placement of senior notes due in 2032, with an interest rate of 7.375%. The energy company plans to allocate the proceeds to redeem existing high-interest notes due in 2027, reduce credit facility debts, and support general corporate activities. This strategic financial move aims to streamline Baytex’s debt profile and strengthen its financial position.
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