Baytex Energy Corp. (TSE:BTE) has released an update.
Baytex Energy Corp. is set to offer a private placement of US$500 million in senior unsecured notes due 2032 to fund the redemption of its 8.75% notes due in 2027 and to pay down existing credit facility debts. The proposed offering is contingent on market conditions and the proceeds will also support general corporate purposes. This move aims to restructure the company’s debt profile and optimize its financial strategy.
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