InPlay Oil Corp. Announces Renewal of Credit Facility
June 24 2024 - 4:10PM
PR Newswire (Canada)
CALGARY,
AB, June 24, 2024 /CNW/ - InPlay Oil Corp.
(TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to
announce the completion of the annual renewal of its syndicated
Senior Credit Facility.
InPlay's Senior Credit Facility has been renewed at $110 million comprised of a $95 million revolving facility and a $15 million operating line of credit (together,
the "Senior Credit Facility"). The borrowing base of the Senior
Credit Facility has been reconfirmed at $110
million and the term out date extended out to June 30, 2025 with a maturity date of
June 30, 2026.
SOURCE InPlay Oil Corp.
Copyright 2024 Canada NewsWire
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