Delphi Energy Announces Increase in Credit Facility and Expansion of Syndicate
November 30 2017 - 5:41PM
Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to
announce that the borrowing base of its senior secured credit
facility has increased from $80 million to $95 million. In
conjunction with the increase, Bank of Montreal has joined the
syndicate of lenders led by Alberta Treasury Branches and including
The Bank of Nova Scotia.
Delphi is currently drawn $25 million on the credit
facility.
About Delphi Energy Corp.
Delphi Energy Corp. is an industry-leading
producer of liquids-rich natural gas. The Company has
achieved top decile results through the development of our high
quality Montney property, uniquely positioned in the Deep Basin of
Bigstone, in northwest Alberta. Delphi continues to outperform key
industry players by improving operational efficiencies and growing
our dominant Bigstone land position in this world-class play.
Delphi is headquartered in Calgary, Alberta and trades on the
Toronto Stock Exchange under the symbol DEE.
FOR FURTHER INFORMATION PLEASE
CONTACT: |
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DELPHI ENERGY CORP.2300 - 333 – 7th
Avenue S.W.Calgary, AlbertaT2P 2Z1 |
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Telephone: (403) 265-6171 |
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Facsimile: (403) 265-6207 |
Email:
info@delphienergy.ca |
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Website: www.delphienergy.ca |
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DAVID J. REID |
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MARK D. BEHRMAN |
President & CEO |
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CFO |