Obsidian Energy Ltd. announced the completion of its previously announced redemption of $30 million aggregate principal of its 11.95 percent Senior Unsecured Notes due July 27, 2027. The redemption was finalized on August 29, 2025, on a pro rata basis.
The redemption price paid was $1,029.88 per $1,000 principal amount of the redeemed Notes, along with accrued and unpaid interest. This action successfully reduced the company's outstanding debt and its associated interest expenses.
Following this partial redemption, Obsidian Energy now has $80.8 million of its Senior Unsecured Notes outstanding. The maximum amount of any semi-annual free cash flow offer required under the trust indenture will now be $17.0 million, reflecting the reduced debt principal.
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