Paramount Resources Ltd. will redeem about $286.58 million of outstanding 7.625% senior unsecured notes due 2019 on Dec. 19 of this year, the company said Nov. 17.

The redemption price will be 102.542% of the principal amount of the redeemed notes. Paramount Resources will pay the aggregate redemption price plus accrued and unpaid interest on the notes t with cash on hand. 

Canada-based Paramount Resources Ltd. delivered the redemption notice on Nov. 17.