Calgary, Alberta–(Newsfile Corp. – April 1, 2022) – Baytex Energy Corp. (TSX: BTE) (“Baytex”) is pleased to announce that it has received strong support from its syndicate of lenders to expand and modify its bank credit facilities.
The revolving credit facilities have been extended for two years, from April 2024 to April 2026, and have been increased to US$850 million. Previously, the credit facilities totaled approximately US$815 million and consisted of US$575 million of revolving credit facilities and a C$300 million term loan. The Revolving Credit Facilities are not base borrowing facilities and do not require annual or semi-annual reviews.
Baytex Energy Corporation
Baytex Energy Corp. is an energy company based in Calgary, Alberta. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and the Eagle Ford in the United States. Approximately 83% of Baytex’s production is crude oil and natural gas liquids. Baytex common shares trade on the Toronto Stock Exchange under the symbol BTE.
For more information about Baytex, please visit our website at www.baytexenergy.com or contact:
Brian Ector, Vice President, Capital Markets
Toll free: 1-800-524-5521
Email: [email protected]
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