Text Size:
A | A

Advantage Credit Facilities Increased To $300 Million

Text Size: A | A
May 18, 2012

CALGARY -- Advantage Oil & Gas Ltd. (Toronto: AAV) announced today that its lenders have increased our credit facility from $275 million to $300 million. This credit facility increase in conjunction with gross proceeds from our recent $74.7 million secondary offering of Longview Oil Corp. shares will provide additional financial flexibility in support of future capital program requirements and general corporate purposes. Pro-forma bank debt at the end of Q1 2012 is approximately $118 million resulting in an undrawn credit facility of $182 million. Advantage will continue to retain ownership ...

Already a subscriber? Log In
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription