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Obsidian Energy Announces Fixed Income Investor Meetings
Obsidian Energy Announces Fixed Income Investor Meetings Canada NewsWire CALGARY...
About this update from Obsidian Energy Ltd
[{"type":"text","content":"\n\n\n\nObsidian Energy Announces Fixed Income Investor Meetings\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\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, May 19, 2019\n\n\n\nCALGARY, May 19, 2019 /CNW/ - OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) (\"Obsidian Energy\", the \"Company\", \"we\", \"us\" or \"our\") is pleased to announce the following: \nFixed Income Investor Meetings \nObsidian Energy Ltd. has engaged Pareto Securities (\"Pareto\") to arrange fixed income investor meetings in conjunction with a potential unsecured bond issuance.\nFollowing these meetings, and subject to market conditions and acceptable terms, a 5-year senior unsecured bond issue of up to US$100 million (the \"Bond Issue\") may take place. The proceeds from the Bond Issue would be used to refinance Obsidian Energy's existing US$48 million secured notes as at May 31, 2019 maturing between 2020 to 2025 and for general corporate purposes. \nForward-Looking Statements \nCertain statements contained in this document constitute forward-looking statements or information (collectively \"forward-looking statements\"). Forward-looking statements are typically identified by words such as \"anticipate\", \"continue\", \"estimate\", \"expect\", \"forecast\", \"budget\", \"may\", \"will\", \"project\", \"could\", \"plan\", \"intend\", \"should\", \"believe\", \"outlook\", \"objective\", \"aim\", \"potential\", \"target\" and similar words suggesting future events or future performance. In particular, this document contains forward-looking statements pertaining to, without limitation, the following: the Bond Issue and the use of proceeds from that issuance.\nWith respect to forward-looking statements contained in this document, we have made assumptions regarding, among other things that we do not dispose of any material producing properties; the impact of the Alberta Government curtailment; our ability to execute our long-term plan as described herein and in our other disclosure documents and the impact that the successful execution of such plan will have on our Company and our shareholders; that the...