Obsidian Energy Ltd. announced the completion of its offer to purchase for cash up to $48.4 million of its outstanding 11.95 percent Senior Unsecured Notes due July 27, 2027. The offer expired on August 12, 2025, and was significantly undersubscribed.
Approximately $1.4 million aggregate principal amount of Notes were validly tendered, resulting in an aggregate purchase consideration of $1.4 million. This amount is substantially less than the $48.4 million the company had sought to repurchase.
Following the completion of this offer, Obsidian Energy now has $110.8 million of its Senior Unsecured Notes outstanding. The limited participation in the offer indicates that the company's planned debt reduction through this specific mechanism was not fully realized.
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