10:42 AM EST - Bonterra Energy Corp. : Announced that following the annual review of its credit facilities, Bonterra management and Board of Directors have determined, along with the bank syndicate, that amending the credit facilities will better reflect the Company's current operating needs and strategy. The amended credit facilities are comprised of a $300 million syndicated revolving credit facility (previously $330 million), a $40-million non-syndicated revolving credit facility (previously $50 million) and the addition of an accordion feature which allows the Company to obtain future funding of up to $40 million for opportunities outside of normal operations, such as acquisitions, subject to unanimous lender approval. The terms of the Amended Facilities provide that the loan is revolving to April 28, 2020, with a maturity date of April 28, 2021, subject to annual review. Bonterra Energy Corp.
shares T.BNE are trading up $0.10 at $6.94.
