10:39 AM EST - Bonterra Energy Corp. : Has finalized the credit facility redetermination with its syndicate of lenders, and provides an operational update. Bonterra and its syndicate of lenders have agreed to amend the Facility as follows: Reflecting the Company's ongoing strategy of focusing on the repayment of outstanding bank debt, Bonterra has agreed with its lenders to a borrowing base under the Facility of $265 million, consisting of a $200-million revolving credit facility and a $65-million non-revolving term loan. This represents a significant reduction in the non-revolving term loan, from $150 million to $65 million, leading to improved financial flexibility. Bonterra Energy Corp.
shares T.BNE are trading down $0.02 at $5.49.
