Obsidian Energy Ltd. announced the launch of an offer to purchase for cash up to $48.4 million of its outstanding 11.95 percent Senior Unsecured Notes due July 27, 2027. As of July 31, 2025, $112.2 million aggregate principal amount of these Notes were outstanding.
The offer provides a total cash consideration of $1,030 per $1,000 principal amount of Notes, plus any accrued and unpaid interest. This initiative represents a substantial effort to further reduce the company's debt burden and improve its financial flexibility.
The offer is scheduled to expire at 5:00 p.m., Eastern Daylight Time, on August 12, 2025, with the settlement date expected to occur on August 15, 2025. The company's obligation to accept and pay for tendered Notes is subject to certain conditions outlined in the offer to purchase.
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