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Delphi Energy’s Credit Facility Upsized

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April 1, 2014

Lenders to Delphi Energy Corp. (TO: DEE.TO) increased the size of its senior credit facility after an annual review, raising the amount to CA$170 million—a $30 million increase—the company said March 31.

National Bank of Canada, Bank of Nova Scotia and Alberta Treasury branches reviewed Delphi Energy’s senior credit facility, the company said.

The increased amount became effective March 31 and all other terms of the credit facility were unchanged, Delphi Energy said, but noted that a debenture, increased to $300 million, was provided as a security to the lenders. ...

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