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HIGHWOOD ASSET MANAGEMENT LTD. ANNOUNCES EXPANDED CREDIT FACILITY TO $140 MILLION, OPERATIONAL AND GUIDANCE UPDATE AND COMMENCEMENT OF 2H2025 DRILLING PROGRAM
HIGHWOOD ASSET MANAGEMENT LTD. ANNOUNCES EXPANDED CREDIT FACILITY TO $140 MILLION, OPERATIONAL AN...
About this update from Highwood Asset Management Ltd
[{"type":"text","content":"\n\n\n\n HIGHWOOD ASSET MANAGEMENT LTD. ANNOUNCES EXPANDED CREDIT FACILITY TO $140 MILLION, OPERATIONAL AND GUIDANCE UPDATE AND COMMENCEMENT OF 2H2025 DRILLING PROGRAM\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; FONT-SIZE: 8PT; FONT-FAMILY: ARIAL; COLOR: BLACK; MARGIN:0em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n /NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES/\n \n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n July 3, 2025\n \n\n /CNW/ -\n \n\n\n\n\n\n\n\n\n\n Credit Facility Update\n \n\n\n Highwood Asset Management Ltd. (\"\n \n Highwood\n \n \" or the \"\n \n Company\n \n \") (TSXV: HAM) is pleased to announce that the annual borrowing base redetermination of the Company's credit facility has been completed. As a result of another successful drilling program that delivered significant PDP reserves growth, the borrowing base has been increased from\n \n $120 million\n \n to\n \n $140 million\n \n , comprised of a\n \n $10 million\n \n operating facility and\n \n $130 million\n \n syndicated credit facility (together, the \"\n \n Credit Facilities\n \n \"). The maturity date of the Credit Facilities has been extended from\n \n August 2, 2026\n \n to\n \n August 2, 2027\n \n . If not extended, the Credit Facilities would be repayable on\n \n August 2, 2026\n \n . The next semi-annual borrowing base determination is scheduled on or before\n \n November 30, 2025\n \n .\n \n\n Furthermore, Highwood is pleased to announce Business Development Bank of\n \n Canada\n \n as a new lender in the syndicated credit facility, joining Royal Bank of\n \n Canada\...