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MEG Energy Revamps $1.19B In Loans

MEG Energy has refinanced a $41.5 million senior secured term loan B, a $957.9 million term loan D and $200 million in revolving credit facilities.

MEG Energy has refinanced a $41.5 million senior secured term loan B, a $957.9 million term loan D and $200 million in revolving credit facilities. The Canadian oil- sands developer has incurred $1 billion under a new senior secured term loan facility and will have access to a $500 million senior secured revolving credit facility.

The loan will mature on March 18, 2018, while the $500 million revolving facility matures on March 18, 2016. MEG has entered into a second amended and restated credit agreement with Barclays Capital, Credit Suisse Securities and BMO Capital Markets as joint lead arrangers.

Click here for the release from PR Newswire.

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