American Eagle Energy Corp. (NYSE MKT: AMZG) opened a private placement of $175 million, in aggregate principal amount, of senior secured notes due 2019, the company said Aug. 4.
The proceeds will refinance the existing credit facility, support general corporate purposes including working capital, and also pay fees and expenses related to the offer and a new credit facility, American Eagle Energy said.
The new senior secured revolving credit facility will be implemented with a borrowing capacity of up to $60 million, American Eagle Energy added.
Denver-based American Eagle Energy Inc. explores and produces oil in the Williston Basin.Recommended Reading
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